QCP Capital Stated That Ethereum Is More Advantageous Against Bitcoin!

Cryptocurrency trading firm QCP Capital spoke about the current situation of the cryptocurrency market.

In its report dated May 30, QCP Capital examined the current state of the cryptocurrency market. Stating that Bitcon has continued to consolidate for about 2 months, analysts stated that Ethereum is luckier in the current situation.

While it was stated that the uncertainty regarding the potential Mt.Gox Bitcoin supply to be released by October made investors nervous, it was noted that the spot Ethereum ETF launch could have a positive impact on the ETH/BTC parity.

Stating that the appetite for Ethereum has increased in the option markets, the QCP front stated that option purchases of 4 thousand and 5 thousand dollars for the end of June increased rapidly.

It was stated that the Spot Ethereum ETF launch could take place in early July:

The table shows an increase in large buyers of 4-5 thousand Ethereum options for the end of June 2024. BlackRock filed amended S-1 forms overnight, with other issuers likely to follow suit soon. Approval could come in early July.