$BTC $ETH $BNB

Grayscale report: ETH price rises after spot Ethereum ETF is approved

Bitpush news, a report released by Grayscale shows that from a valuation perspective, Ethereum's valuation can be said to be higher than Bitcoin when the spot Bitcoin ETF was launched in January.

For example, a popular valuation indicator is the MVRV z-score.

This indicator is based on the ratio of the total market value of a token to its "realized value": the market value based on the price at which the token last moved on the chain (rather than the price traded on the exchange).

Grayscale said that when the spot Bitcoin ETF was launched in January, its MVRV z-score was relatively low, indicating that the valuation was moderate and there may be more room for price increases.

Since then, the cryptocurrency market has begun to appreciate, and the MVRV ratios of both Bitcoin and Ethereum have increased.

This may indicate that there is less room for price increases after the spot ETH ETF is approved compared to the approval of the US spot Bitcoin ETF in January! #非农就业人数高于预期 #第55期新币挖矿IO #5月非农数据即将公布 #MegadropLista #比特币符文总市值创新高