Premature Launch of Ether ETFs May Impact Bitcoin Prices, Analyst Warns

A Bitcoin analyst suggests that the introduction of spot Ethereum exchange-traded funds (ETFs) may have been premature and could negatively impact Bitcoin’s price if no new capital enters the market. Charles Edwards, founder of Capriole Investments, told Cointelegraph, “It would have been better to only have the BTC ETF in 2024.” He believes the launch of Ether ETFs might divert investor attention from Bitcoin. Edwards points out that institutional investors holding Bitcoin ETFs may feel compelled to diversify by purchasing Ether ETFs. “Current BTC ETF holders at the institutional level likely think they should diversify a little and buy the

Source: CryptoIntelligence