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BCH $285.12 -2.75%
LINK $8.81 -2.31%
HYPE $71.73 -2.42%
AAVE $77.65 -4.56%
SUI $0.8488 -3.64%
XLM $0.2308 -13.09%
ZEC $548.11 -1.46%

Matrixport co-founder: If Ethereum ETF is approved, the best trading strategy is to "buy SOL/ETH."

2024-05-21 16:40:17
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ChainCatcher news, Matrixport co-founder Daniel Yan posted on the X platform that if the Ethereum ETF is approved within two days, the best trading strategy is to "buy SOL/ETH." The reasons are as follows: ETH has risen nearly 20% in the past 24 hours; SOL will be the next beneficiary after the ETH ETF approval; ETH/BTC rose 12% within a week after the BTC spot ETF was approved, as people anticipated the ETH ETF approval; this strategy has low market participation and is not a popular trade.

He also reminded that BTC price fell 15% in the weeks following the approval of the spot ETF on January 10.

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