Matrixport: If Bitcoin ETF is approved, investors may turn their attention to Ethereum
The latest report from Matrixport indicates that 15 minutes after the "SEC approves ETF fake news" was released, funds shifted from Bitcoin to Ethereum. This could be a short covering of Ethereum futures. If Bitcoin ETF is approved, investors may shift their attention to Ethereum and Ethereum's performance may outperform Bitcoin as the deadline for Ethereum ETF approval in May 2024 will be the focus.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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