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Friday, May 17, 2024
bitcoin
Bitcoin (BTC) $ 65,186.47
ethereum
Ethereum (ETH) $ 2,940.68
tether
Tether (USDT) $ 0.999005
bnb
BNB (BNB) $ 569.41
usd-coin
USDC (USDC) $ 0.999285
xrp
XRP (XRP) $ 0.514412
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.149883
cardano
Cardano (ADA) $ 0.457946
solana
Solana (SOL) $ 160.65
matic-network
Polygon (MATIC) $ 0.695526
polkadot
Polkadot (DOT) $ 7.06
tron
TRON (TRX) $ 0.124676
HomeFinanceTime to ‘pull the brakes’ on Ethereum and rotate again to Bitcoin:...
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Time to ‘pull the brakes’ on Ethereum and rotate again to Bitcoin: K33 report

The comparatively lackluster efficiency of 9 new futures alternate traded funds (ETFs) has prompted analysts at K33 Analysis to induce a “rotate again” into (BTC).

In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde mentioned that it’s “time to tug the brakes on ETH and rotate again into BTC,” with the preliminary buying and selling quantity of Ether futures ETFs solely accounting for 0.2% of what the ProShares Bitcoin Technique ETF (BITO) amassed on its first day of buying and selling in Oct. 2021.

Day one buying and selling of ETH futures ETFs accounted for simply 0.2% of what BTC futures ETFs amassed in 2021. Supply: K33 Analysis

Proceed Studying on Coin Telegraph

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