Bitcoin Faces Threat As Spot Ethereum ETF Debuts: Peter Schiff
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Peter Schiff warns that Bitcoin faces a new threat as Spot Ethereum ETFs debut, potentially leading to a bearish trend for BTC as investors reallocate funds to Ethereum.
HIGHLIGHTS
Peter Schiff warns Bitcoin faces threat from Spot Ethereum ETFs' debut in the US market.
Ethereum ETFs see $461 million trading volume in the first 90 minutes of launch.
Bitcoin's dominance may be challenged as investors diversify portfolios with Ethereum ETFs.
In a recent warning towards the crypto market, Peter Schiff says that Bitcoin faces a new threat as Spot Ethereum ETFs begin trading in the U.S. Schiff, known for his anti-BTC stance, has sparked significant debate among investors with his recent statements, highlighting potential shifts in market dynamics.
