Kaiko
Ethereum Set to Outshine Bitcoin Following Launch of Ether ETFs: Kaiko
Ethereum Expansion Expected to Outdo Bitcoin
A recent study by Kaiko indicates that Ethereum ETFs might increase their worth more than Bitcoin.
The company points to the Ether-Bitcoin price comparison, which has seen significant changes due to broader economic and sectoral influences. The asset's value in comparison to Bitcoin has risen from 0.045 to 0.05 since the SEC's 19b-4 approval. This increase in value indicates that Ethereum is becoming more valuable than Bitcoin.
The ETH to BTC exchange rate, indicating how well the two assets are doing compared to each other, stays elevated at approximately 0.05

A higher ratio suggests that Ethereum could continue to outperform Bitcoin after the launch of ETFs."

Over the past two months, the price of Ethereum has fallen by 20% following the initial excitement after SEC approval. However, this decline is attributed to macroeconomic factors. Despite this, spot Ethereum ETFs are well-positioned to attract institutional investments into the market. Traditional investors are drawn to Ethereum due to its advanced smart contract capabilities and the extensive number of decentralized applications (DApps) available. Last year, wealth managers favored Ethereum as the asset with the greatest potential for growth.

ETH Price Reaches $3500 Before Launch of Spot ETFs
This year, spot crypto ETFs have taken over the market, with billions of dollars being invested by investors. The approval of spot Bitcoin ETFs on January 11 paved the way for increased market confidence following a new opportunity for institutional investments. The success of Bitcoin products has led to a surge in interest in Ethereum, driving crypto prices to new record highs. The trading of Ethereum products is anticipated this summer, and this optimism has prompted issuers to seek approval for Solana ETFs.

The price of Ethereum has surged by over 2% in the last 24 hours, currently trading at $3,415. The lowest and highest prices recorded in the last 24 hours are $3,330 and $3,498, respectively. Additionally, trading volume has spiked by 50% in the last 24 hours, indicating a growing interest among traders.
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