jakiro
Author: Vince Quill; Cointelegraph; Compilation: White Water, Bit Chain Vision Realm
According to Kaiko’s latest report,After launching the highly anticipated Ethereum Exchange Trading Fund (ETF), Ethereum’s performance may exceed Bitcoin.
The report focuses on the price ratio of Ethereum and Bitcoin, which measures the number of BTCs required to purchase 1 ETH.The higher the indicator, the higher the price of Ethereum compared to Bitcoin, and vice versa.
At present, this ratio is 0.05, while the US Securities and Exchange Commission (SEC) approves the proportion of the spot Ethereum ETF to 0.045.
The price ratio of ETH and BTC.Source: kaiko
The report also pointed out,The market depth of 1% of Ethereum may be the potential catalyst of the upcoming ETH bull market.The market deeply measures market liquidity.The lower the asset liquidity, the greater the volatility, and the higher the liquidity, the market price will stabilize when facing large orders.
The depth of the low market has been supported by the Ethereum Exchange’s reserves. The reserve tracking the number of Ethereum available for purchases is currently at a low level. It may indicate the impact of the supply of supply promoted by the organization’s demand to fill its Ethereum ETF.This may lead to a significant increase in prices.
Ethereum ETF is about to launch
Everyone’s attention is concentrated on the launch of the spot Ethereum ETF, and analysts said that this may happen soon.Bloomberg Advanced ETF analyst Eric Balchunas continued to predict that the product will be launched in July.According to Balchunas, the SEC requires the applicant to submit the modified S-1 form before July 16 to launch the product by July 23.
Institutional investor Tom Dunleavy recently pointed out that he believesEthereum ETF will flow into about $ 10 billion per month at a speed of about $ 1 billion.
Regulatory dispute
The regulatory circle has always been discussing whether Ethereum is commodity or securities.According to CONENSYS Laula Brookover,In June of this year, the SEC gave up investigating the smart contract agreement, probably to avoid embarrassment.
recent,Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, argued thatETH is a product that belongs to the jurisdiction of the agency.
