Will Ethereum steal Bitcoin's thunder after ETF launch?

Investors are becoming increasingly optimistic with the expected launch of ETH spot ETFs.

A report and a joint report by Block Scholes and Bybit show that market preferences are changing.

The report argues that Ethereum has a better volatility premium than Bitcoin [BTC]. This is mainly due to the increase in address activity and the positive shift in market sentiment towards ETH.

Ethereum surpasses Bitcoin

Since the spot ETF was approved, the ETH to BTC ratio has remained at a positive value of 0.05. This ratio is much higher than the level of around 0.045 before the approval.

The higher ratio suggests that when the ETH spot ETF begins trading, it will continue to outperform BTC.

Since the approval of the ETH spot ETF in May, ETH has outperformed BTC in multiple areas.

Despite the violent volatility experienced by the cryptocurrency market in the past two months, ETH futures have shown greater resilience and faster recovery than Bitcoin open interest.

ETH's faster recovery in the future indicates that positive sentiment is rising and many investors are confident about its future.

ETH's trading volume has remained in the same range since May. According to Kaiko, ETH's liquidity has remained stable within a depth of 1% and $250 million.

After the ETF was approved, it seemed to change the trend after falling below $200 million, and reversed the trend after the SEC's approval. Therefore, ETF expectations played a key role in improving liquidity. #山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期