Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 report By Cointelegraph
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The relatively lackluster performance of nine new futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into (BTC).
In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in Oct. 2021.
Continue Reading on Coin Telegraph
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© Reuters
The relatively lackluster performance of nine new futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into (BTC).
In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in Oct. 2021.
Continue Reading on Coin Telegraph