Posted 1/12/2024, 9:16:00 PM
Ethereum Coins Rally on ETF Hopes while Bitcoin Treads Water
- Ethereum (ETH), Ethereum Classic (ETC), and Lido Staked Ether (STETH) have surged 16-47% over the past week, while Bitcoin (BTC) is flat
- Ethereum tokens are rallying due to potential approval of Ethereum ETFs following Bitcoin ETF approvals
- Bitcoin already priced in ETF approvals, while Ethereum coins have room to run on ETF hype
- Rising tide of Ethereum lifts all boats - good for ETC and STETH too
- Hard to predict if BTC or ETH would perform better post-BTC ETF approval; market moves fast from one catalyst to next