Ether Outperforms Bitcoin in 2024 as Investors Anticipate Regulatory Approval of Ethereum ETFs
• Ether (ETH) has outperformed bitcoin (BTC) so far in 2024, climbing 14.4% vs 3.7% for BTC • Bitcoin's price has stagnated despite the approval of the first BTC spot ETFs in the US • Investors may be betting that ether ETFs are next to get regulatory approval after bitcoin • Major firms like BlackRock, Grayscale, and Ark have applied for ether ETFs with the SEC • Approval of an ether ETF could further legitimize crypto as an asset class and pave the way for more altcoin ETFs