Members of the cryptocurrency community did not agree with the hypothesis of the president of the brokerage company Euro Pacific Capital, Peter Schiff, that Bitcoin would become cheaper due to the release of the Ethereum-ETF.

The Bitcoin rate began to strengthen again amid rumors about the likely approval of the Ethereum-ETF. However, the money that goes into the new ETFs will likely come out of the Bitcoin ETF.

People who choose to invest in cryptocurrency will not increase their investment in digital assets to buy an Ethereum ETF,” Schiff said.