According to CoinDesk, TradingView data shows that the price ratio between Ethereum (ETH) and Bitcoin (BTC) has fallen to a two-month low since the beginning of this month. One of the reasons is that the plan of traditional financial giant BlackRock to launch a BTC exchange-traded fund (ETF) has greatly changed people's sentiment. This week, as the market more fully absorbs BlackRock's spot Bitcoin ETF application and well-known financial services companies Invesco and WisdomTree re-apply for similar products, Bitcoin prices have risen.
The price of ETH divided by the price of BTC has fallen to 0.0615, according to TradingView data. The drop reflects Bitcoin’s larger gains this month: up 10% while ETH is up 1%.
