[Blockchain News] Ethereum vs. Bitcoin ETF Battle: Who Will Have the Last Laugh?

Hello everyone! Today we are going to talk about a "king battle" in the blockchain world - the battle of ETFs (exchange-traded funds) between Ethereum (ETH) and Bitcoin (BTC). 🎉

First, Alex Kuptsikevich, senior analyst at FxPro, said on September 16 that in the long run, the activity of Ethereum developers has been the main reason for the rise in ETH prices. This activity is very obvious both in the blockchain itself and in the expanding ecosystem around it. However, by the end of 2023, the trend seems to have changed, and the focus has shifted to Bitcoin.

Why is this the case? It turns out that the prospects of Bitcoin ETFs have become more prominent, attracting a lot of investor attention and capital inflows. In contrast, the launch of the Ethereum ETF did not arouse the same enthusiasm, but instead led to a net outflow of funds. This also did not reverse the downward trend of the ETH/BTC exchange rate.

According to Kuptsikevich's analysis, the ETH/BTC exchange rate is likely to fall further into the 0.02-0.03 range. This is a bit surprising, especially considering that investors usually have more positive sentiment towards altcoins (including Ethereum) a few months after the Bitcoin halving. In addition, altcoins have a higher beta coefficient with US stocks, which have performed quite strongly in recent months.

So, who will have the last laugh in this ETF battle? In fact, it depends on the future market trend and the choice of investors. For friends who hold Ethereum, perhaps now is a good time to re-examine their portfolios. And for Bitcoin supporters, this is undoubtedly a moment worth celebrating.

Dear readers, what do you think of this "king battle"? Do you prefer Ethereum or Bitcoin? Welcome to share your views and opinions in the comment area! Let's discuss, learn together, and witness the wonderful development of the blockchain world together!

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