After spot ETF approval Bitcoin While experiencing a sharp decline, the biggest altcoin Ethereum and experienced an increase.
ETHWhile there are claims that a spot Ethereum ETF may receive approval following this rise in , QCP Capital analysts evaluated ETH in their latest report.
at this point QCP Capital analysts said they expect ETH to continue outperforming BTC in the medium term as the spot Bitcoin ETF approval translates into a potential spot ETH ETF approval.
Analysts also stated that the current level of the ETH/BTC trading pair continues to be a sign that Ethereum will outperform Bitcoin.
“We expect ETH to continue outperforming BTC in the medium term as the Spot Bitcoin ETF approval narrative moves towards potential ETH Spot ETF approvals.
This expectation is also supported by the ETH/BTC trading pair.
Additionally, since the launch of the BTC spot ETF, BTC futures have also fallen more than ETH futures. At this point, ETH futures continue to return 11-13% annually despite the decline in yields and still look attractive.”
Analysts recently predicted important events to follow in the crypto market this year after the spot Bitcoin ETF approval. BTC halving (mid-April) and possible spot ETH ETF from May He said they had approval.
cryptocurrency Stating that prices may be affected by macroeconomic events other than the BTC halving and possible spot ETH ETF approvals, analysts said that they are closely following the FED’s January interest rate decision and the NFP and CPI data in February.
*This is not investment advice.
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