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BTC $63,924.48 +1.49%
ETH $1,843.76 +0.58%
BNB $567.60 +0.53%
XRP $1.08 -0.15%
SOL $74.70 +0.05%
TRX $0.3231 +0.39%
DOGE $0.0720 +0.52%
ADA $0.1651 +2.99%
BCH $217.53 -2.39%
LINK $8.21 +0.25%
HYPE $58.85 -3.05%
AAVE $87.99 -2.93%
SUI $0.7339 +0.03%
XLM $0.1834 +0.04%
ZEC $537.90 +0.90%

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.

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