Ether-Bitcoin Ratio Hits Three-Year Low Amidst Uncertainty Over Spot ETH ETF Launch and Growth of Ethereum-Killers
The ratio between ether and bitcoin's dollar-denominated prices has reached a three-year low, with year-to-date losses of almost 16%. This is due to factors such as uncertainty regarding the launch of a spot ETH ETF in the US and the rise of Ethereum competitors like Solana. The reduced demand for exchange-traded products tied to ether has also contributed to the decline. The SEC has yet to approve a spot ETF on or before May 31, with traders on decentralized betting platform Polymarket giving it just a 10% chance of approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US dollar index DXY rose 23 points in the short term and is now at 104.13
Trump: Tariffs will be flexible because they are reciprocal
Community Votes on Payment Proposal for Developer Contributions
In Brief The Terra Luna Classic community is voting on a payment proposal for developer Frag. Proposals aim to improve governance through SubDAO and maturity mechanisms. The community remains divided on the implications of developer payments.
USAID may use blockchain to track money flows
Trending news
MoreCrypto prices
More
