Scan to download
BTC $71,988.31 +5.18%
ETH $2,244.39 +7.84%
BNB $610.25 +2.01%
XRP $1.38 +5.71%
SOL $84.29 +6.65%
TRX $0.3179 +1.36%
DOGE $0.0946 +4.38%
ADA $0.2577 +6.26%
BCH $447.75 +3.36%
LINK $9.19 +6.26%
HYPE $39.40 +9.20%
AAVE $95.95 +9.23%
SUI $0.9491 +9.25%
XLM $0.1624 +4.43%
ZEC $332.91 +24.73%
BTC $71,988.31 +5.18%
ETH $2,244.39 +7.84%
BNB $610.25 +2.01%
XRP $1.38 +5.71%
SOL $84.29 +6.65%
TRX $0.3179 +1.36%
DOGE $0.0946 +4.38%
ADA $0.2577 +6.26%
BCH $447.75 +3.36%
LINK $9.19 +6.26%
HYPE $39.40 +9.20%
AAVE $95.95 +9.23%
SUI $0.9491 +9.25%
XLM $0.1624 +4.43%
ZEC $332.91 +24.73%

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

2024-05-21 16:40:17
Collection

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.

app_icon
ChainCatcher Building the Web3 world with innovations.