CEO Expecting a Million Dollars in Bitcoin: Last Chance To Sell Ethereum Tonight!
Samson Mow, CEO of blockchain firm Pixelmatic, said spot Ethereum ETFs may not have the expected impact.
Samson Mow talked about spot Ethereum ETFs in his May 23 X post. Contrary to market expectations, Mow stated that Ethereum ETFs will remain under-volume compared to Bitcoin and said that the performance will also be lower.
For this reason, while stating that there has not been a significant increase in Ethereum yet, he interpreted the fact that the staking option was withdrawn from their applications as a negative factor.
Drawing attention to the ETH/BTC parity, Samson Mow said that it may be the last opportunity to sell Ethereum at the 0.05 band against Bitcoin:
Spot Ethereum ETF approvals are not bullish as they will undoubtedly significantly underperform Bitcoin ETFs. Compare the demand in other markets where both are available and take into account that they will not provide staking rewards. This is the last chance to sell ETH above 0.05 BTC.