Ether could outperform Bitcoin after spot ETF launch: Kaiko
According to Bloomberg analyst Eric Balchunas, the highly-anticipated Ethereum ETFs could launch in the United States by July 23.
According to a new Kaiko report, Ether could outperform Bitcoin following the launch of the highly anticipated Ethereum exchange-traded funds (ETFs) in the United States.
The report highlighted the Ether (ETH) to Bitcoin (BTC) Price Ratio, a metric that measures the amount of BTC required to purchase one ETH. The higher this metric climbs, the higher the price of Ether relative to Bitcoin and vice versa.
Currently, the ratio is at 0.05, compared to the 0.045 recorded before the Securities and Exchange Commission (SEC) approved the spot Ether ETFs.
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Author: Vince Quill
