Short Term Forecast on Bitcoin and Ethereum from Crypto Asset Manager
The founder of the asset management company evaluated the short-term price performance of Ethereum (ETH) and Bitcoin (BTC).
Arbelos Markets founder Joshua Lim expects Ethereum to gain value against Bitcoin in the short term.
“The ETH/BTC ratio probably continues to move towards 0.06,” commented Lim.
The U.S. Securities and Exchange Commission (SEC) unexpectedly approved spot Ethereum ETFs this month. The rate between ETH/BTC, which was 0.045 before this decision, increased steadily to 0.056.
It may take weeks or months for Ethereum ETFs to hit the market. The SEC also needs to approve S-1 filings for this.
According to Lim, investors have started pricing in whether ETFs of other proof-of-stake projects could be approved after Ethereum.