Ether’s Performance Will Exceed Bitcoin’s: Expert
Investment manager Joshua Lim, co-founder of Arbelos Markets, predicts that the value of Ethereum (Ether) will continue to rise compared to Bitcoin in the near future.
This is due to increasing investor interest in the second-largest cryptocurrency, as anticipation builds for the launch of spot exchange-traded fund (ETF) trading.
The current Ether/Bitcoin ratio is at 0.056, but Lim believes it could reach 0.06 in the near term. This ratio has been steadily climbing from a low of 0.045 in mid-May, especially since the surprise approval of eight spot Ether ETFs by the US Securities and Exchange Commission (SEC) last week.
However, unlike the quick trading start for the approved bitcoin ETFs, the Ether ETFs may take a few weeks or months to officially launch. K33 Research also agrees that Ether is in a favorable position relative to bitcoin until the spot Ether ETFs are live.
Their market report on Tuesday recommends increasing one’s exposure to Ether for the time being.
