Ether Seen Outperforming Bitcoin After ETF Debut, Kaiko Says
- Ratio of Ether’s price relative to Bitcoin has increased
- Ratio may increase more after final sign off, researcher says
Final approval from the SEC is expected to come around mid-July.
Photographer: Damian Lemanski/BloombergThis article is for subscribers only.
The upcoming launch of spot Ether exchange-traded funds may propel the cryptocurrency to keep outperforming bigger rival Bitcoin, research firm Kaiko said.
Kaiko cited the price of Ether relative to Bitcoin increasing to around 0.05 from 0.045 following the first stage of approval for Ether ETFs from the US Securities and Exchange Commission.