Ether-Bitcoin Ratio Hits Three-Year Low Amidst Uncertainty Over Spot ETH ETF Launch and Growth of Ethereum-Killers
The ratio between ether and bitcoin's dollar-denominated prices has reached a three-year low, with year-to-date losses of almost 16%. This is due to factors such as uncertainty regarding the launch of a spot ETH ETF in the US and the rise of Ethereum competitors like Solana. The reduced demand for exchange-traded products tied to ether has also contributed to the decline. The SEC has yet to approve a spot ETF on or before May 31, with traders on decentralized betting platform Polymarket giving it just a 10% chance of approval.
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.
You may also like
ARB vs. FTM vs RBLK: Could Rollblock’s GambleFi Features Be the Game Changer in 2024/25?
Key Reasons Why Investors Are Adding Cutoshi (CUTO) and Bonk (BONK) To Their Portfolio
Massive Data Breach in France Exposes 95 Million Records
Cryptocurrency Is Here To Stay As Altcoins Surge: TIA, POPCAT, CUTO
Trending news
MoreCrypto prices
More
