Posted 1/10/2024, 5:17:18 PM
Ether Soars as Bitcoin Slips, Sparking Rotation Speculation and Betting on Possible ETF
- Bitcoin price drops while Ether soars to highest since May 2022, potentially signaling rotation from BTC to altcoins
- Ether ETP assets under management grew faster than Ether price in December, suggesting net inflows
- Interest and investments in altcoin ETPs also surged at end of 2022, up 165% for year
- Analysts suggest traders positioning for potential Ether ETF approval after anticipated Bitcoin spot ETF
- Author notes potential Bitcoin "sell-the-news" event and advises starting to accumulate Ether