According to a report by QCP Capital, in the near- to medium-term, Ethereum is expected to have a stronger price growth than Bitcoin as investors anticipate the approval of a spot ETF based on the second-largest cryptocurrency.
This comes after a week where Bitcoin experienced a 7% drop after the SEC approved 11 new applications to launch digital gold products, while Ethereum remained relatively stable. The report also highlights a increase in the ETH/BTC pair from 0.05 to 0.06 over the past week.
Looking ahead, the most significant upcoming events in the crypto industry are the Bitcoin halving in April and the possible approval of spot Ethereum ETFs in May.
Michael van de Poppe, founder of MN Trading, shares this positive sentiment and expects the current trend to continue.
One of the potential contenders to launch a new product is BlackRock, the world’s largest investment firm, which filed for registration of the iShares Ethereum Trust in November with Coinbase Custody Trust Company listed as the custodian.