Cryptocurrency analysis and trading company QCP Capital stated that Ethereum may perform better than Bitcoin in the coming period.
QCP Capital, in its report dated January 17, said: Ethereum (ETH) And to Bitcoin (BTC) focused. Following Spot Bitcoin exchange-traded fund (ETF) approvals All eyes are on spot Ethereum ETF approval The institution stated that Ethereum will be released in the coming days. It can perform better than Bitcoin emphasized:
We expect Ethereum to continue to outperform Bitcoin in the medium term as the narrative turns to potential EthereumSpot ETF approvals.
Reminding that Bitcoin futures fell more than Ethereum futures after the approval of Spot Bitcoin ETFs, the report pointed out that this could be one of the first signals of the possible performance of Ethereum.
In this process, Bitcoin annual option returns A 23% decrease from 32% to 9% during the same period of time From 28% to 12% in Ethereum, a drop of only 16% was seen.
The report shows that options to buy Ethereum at a certain price on a certain date on an annual basis 11-13% return It was emphasized that it provides financial support and that it is still more attractive despite the decline. Additionally in Ethereum $2,200 from level 1 month put option year of selling More than 21% return It was stated that ETF approval could provide an important buying opportunity at this point.
On the other hand, ETH/BTC parity It performs very poorly in 2023 QCP Capital stated that Ethereum will perform better in 2024. You may want to close the gap noted.