๐ Attention crypto-investors! Analysts at K33 Research suggest it's time to put the brakes on Ethereum and get back to Bitcoin (BTC) ๐. Ether futures ETFs have had a disappointing performance, with initial trading volume down just 0.2% compared to the ProShares Bitcoin Strategy ETF (BITO) on its first day of trading in October 2021.
๐ Lack of institutional appetite for Ether ETFs led Vetle Lunde to change his previous advice to increase the ETH allocation.
๐ฎ Lunde predicts that the majority of the crypto market will follow a sideways trajectory in the near term, favoring only Bitcoin, which has a possible spot ETF for early next year and the halving event planned for mid-April.
๐ฌ What do you think of this perspective? Comment below!
๐ Lack of institutional appetite for Ether ETFs led Vetle Lunde to change his previous advice to increase the ETH allocation.
๐ฎ Lunde predicts that the majority of the crypto market will follow a sideways trajectory in the near term, favoring only Bitcoin, which has a possible spot ETF for early next year and the halving event planned for mid-April.
๐ฌ What do you think of this perspective? Comment below!