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 everyone’s attention was the meteoric spike mid-May. The ratio’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].
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.
3 min read
Updated: May. 23, 2024 at 3:57 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Bitcoin
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
