On May 21st, Daniel Yan, founding partner of Matrixport and co-founder of Kryptanium Capital, said on the X platform: "If the Ethereum ETF is approved within two days, although the popular trade will be" buy Ethereum ". But Ethereum has risen almost 20% in the past 24 hours. In addition, Bitcoin has fallen 15% in the weeks following its approval on January 10th. I would argue that a better trade would be: buy SOL/ETH. Because:
1. If the Ethereum ETF is approved, SOL will be the next top cryptocurrency.
After the Bitcoin ETF was approved, ETH/BTC rose by 12% in a week, as people expected the Ethereum ETF to be approved as well.
3. This is not a popular trading option.
Matrixport: If the Ethereum ETF is approved, the best trading strategy is to "buy SOL/ETH"
2024-05-21 08:51:21
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