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Ethereum ETF rumors drive dramatic rise in ETH/BTC ratio Ethereum ETF rumors drive dramatic rise in ETH/BTC ratio

Ethereum ETF rumors drive dramatic rise in ETH/BTC ratio

Rumors of a potential approval of the first spot ETH ETF in the US led to a dramatic rise in the ETH/BTC ratio.

Ethereum ETF rumors drive dramatic rise in ETH/BTC ratio

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

With both Ethereum and Bitcoin standing as the titans of the crypto market, tracking their relative strength through the ETH/BTC ratio provides key market insights. Recently, traders have been abuzz with speculation about the approval of spot Ethereum ETFs in the US, which has created palpable waves in both ETH and BTC prices. As April turned to May, the ratio experienced significant fluctuations, but what really caught everyoneโ€™s attention was the meteoric spike mid-May. The ratioโ€™s near-vertical climb signaled something big. Analysts have now adjusted the odds of ETH ETF approval to a striking 75%, driven by... [Discover more on CryptoSlate Alpha].