Markets
Ether will continue to outperform Bitcoin in the short term, says Crypto Asset Manager
Ether (CRYPTO: ETH) will continue to gain value compared to Bitcoin (CRYPTO:BTC) in the near term as anticipation of exchange-traded fund (ETF) spot trading attracts investor interest in the second-largest digital asset by market capitalization, according to an asset manager investment. “The ETH/BTC ratio probably continues to increase to 0.06,” Joshua Lim, co-founder of Arbelos Markets, told The Block. Currently, the ratio is 0.056, having risen steadily since a multi-month low of 0.045 in mid-May before the surprise approval of eight spot ether ETFs by the U.S. Securities and Exchange Commission (SEC). United last week. The SEC approved ether spot ETFs on Thursday, but unlike bitcoin ETFs, which began trading the day after approval, ether ETFs may not be operational for a few weeks or some months.
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