BTC $77,568.87 -1.42%
ETH $2,414.84 -2.40%
BNB $687.89 -0.81%
XRP $1.35 -2.77%
SOL $100.27 -3.41%
TRX $0.3217 -3.19%
DOGE $0.0814 -2.27%
ADA $0.1980 -1.40%
BCH $249.11 +0.50%
LINK $11.22 -2.10%
HYPE $82.96 -1.61%
AAVE $129.24 +2.65%
SUI $0.7235 -1.49%
XLM $0.1758 -1.22%
ZEC $841.38 -1.76%
BTC $77,568.87 -1.42%
ETH $2,414.84 -2.40%
BNB $687.89 -0.81%
XRP $1.35 -2.77%
SOL $100.27 -3.41%
TRX $0.3217 -3.19%
DOGE $0.0814 -2.27%
ADA $0.1980 -1.40%
BCH $249.11 +0.50%
LINK $11.22 -2.10%
HYPE $82.96 -1.61%
AAVE $129.24 +2.65%
SUI $0.7235 -1.49%
XLM $0.1758 -1.22%
ZEC $841.38 -1.76%

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

2024-05-21 16:40:17

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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