Analysts, who thought that the futures Ethereum (ETH) exchange traded fund (ETF) listing could not create enough interest, stated that it was time to switch from Ethereum to Bitcoin (BTC).
Futures Ethereum ETFs 9 of them Monday, October 2 However, ETFs did not attract much attention on the first day of trading. published a report on the subject K33 Research senior analyst Vetle Lunde and Vice President Anders Helseth these low volumes from Ethereum to Bitcoin a signal to pass He suggested that it might be.
ETH/BTC Pointing out that the parity has fallen to its lowest level in the last year, analysts implied that the decline in this parity may continue.
Experienced names emphasized that the performance of Ethereum ETF was unexpectedly weak and stated that the 2021 launch volume of futures Ethereum ETFs and Bitcoin ETFs was only to 0.2% He highlighted what he could achieve.
At that time, futures Bitcoin ETFs were launched shortly after launch. 576 million dollars This number for Ethereum futures when reaching volume at $8.5 million remained.
But the first futures Bitcoin ETF, BITI, October 2021 In history, the cryptocurrency market has experienced a serious of the bull at their peak had been launched. Ethereum had no chance of such a volume from the very beginning.
Analysts, 26 September In another report they presented on , they stated that futures Ethereum ETF approvals ETH/BTC can reverse its parity and create a may begin to rise he had suggested. But it seems that the process did not go as they wanted and the problems on the Ethereum front low volume data As a result, they called for a return to Bitcoin.
lunde And Helseth The following statements were included in the current report presented by:
We believe it is time to exit ETH and move back to BTC. We no longer see a strong bull case for ETH/BTC in the short term.
On the other hand, for Ethereum LONG futures your expectations positive Analysts, who continue to hold on, say demand for Ethereum will also increase as market conditions begin to improve. quickly may increase defended.