Ether ETF vs Bitcoin ETF, what are the differences in the approved environment?
First, when the Bitcoin ETF is approved, BTC has already experienced a moderate increase in mid-2023 and an accelerated rise from the end of 2023 to the beginning of 2024. Institutions have probably already prepared seed funds (used as underlying assets for ETF issuance). However, based on the current price trend of ETH, institutions are probably not yet ready with seed funds. Favourable Information for ETH.
Secondly, when Bitcoin ETF is approved, the market expects a rate cut in March, with optimistic sentiment and active funds. Currently, the expected rate cut time in the market is from September to December, with relatively calm sentiment and tight funds. This is negative for ETH.
Third, when the Bitcoin ETF is approved, the BTC inscription has experienced a small peak of speculation, and the sentiment in the market is high. However, currently, the sectors related to ETH do not seem to have any new narratives, and the related tokens are rising but the sentiment is clearly not as strong as the BTC inscription. This affects the outbreak of sentiment in the ETH market.
Fourth, Bitcoin ETF is approved all at once, while Ethereum ETF is approved in stages. This has a significant impact on the ETH market sentiment explosion.
Therefore, the next step is for the SEC and institutions to continue preparing the relevant documents, and for institutions to start preparing seed funds, along with the impact of the macro environment, as well as the phased impact on emotions. Next, ETH may have a moderate pump, but it is still far from a major breakout. Other tokens, including ETH-related zone tokens, need to be cautious (not ruling out the possibility of a repeat of the history when ETH bled BTC in the second and third quarters of last year).
Especially be cautious around June 12-13. On the evening of June 12th, US CPI data will be announced, and in the early morning of June 13th, the Federal Reserve will release the interest rate decision and interest rate projection dot plot.
First, when the Bitcoin ETF is approved, BTC has already experienced a moderate increase in mid-2023 and an accelerated rise from the end of 2023 to the beginning of 2024. Institutions have probably already prepared seed funds (used as underlying assets for ETF issuance). However, based on the current price trend of ETH, institutions are probably not yet ready with seed funds. Favourable Information for ETH.
Secondly, when Bitcoin ETF is approved, the market expects a rate cut in March, with optimistic sentiment and active funds. Currently, the expected rate cut time in the market is from September to December, with relatively calm sentiment and tight funds. This is negative for ETH.
Third, when the Bitcoin ETF is approved, the BTC inscription has experienced a small peak of speculation, and the sentiment in the market is high. However, currently, the sectors related to ETH do not seem to have any new narratives, and the related tokens are rising but the sentiment is clearly not as strong as the BTC inscription. This affects the outbreak of sentiment in the ETH market.
Fourth, Bitcoin ETF is approved all at once, while Ethereum ETF is approved in stages. This has a significant impact on the ETH market sentiment explosion.
Therefore, the next step is for the SEC and institutions to continue preparing the relevant documents, and for institutions to start preparing seed funds, along with the impact of the macro environment, as well as the phased impact on emotions. Next, ETH may have a moderate pump, but it is still far from a major breakout. Other tokens, including ETH-related zone tokens, need to be cautious (not ruling out the possibility of a repeat of the history when ETH bled BTC in the second and third quarters of last year).
Especially be cautious around June 12-13. On the evening of June 12th, US CPI data will be announced, and in the early morning of June 13th, the Federal Reserve will release the interest rate decision and interest rate projection dot plot.
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