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Matrixport cofounder: If the Ethereum ETF is approved, the best trading strategy is "Buy SOL/ETH"

Matrixport cofounder: If the Ethereum ETF is approved, the best trading strategy is "Buy SOL/ETH"

Bitget2024/05/21 09:09

According to news on May 21, Daniel Yan, founding partner of Matrixport and co-founder of Kryptanium Capital, said on the X platform: “If the Ethereum ETF is approved within two days, although the popular transaction will be “buy Ethereum”. But Ethereum It’s almost up 20% in the past 24 hours. Additionally, Bitcoin has fallen 15% in the weeks since it was approved on January 10th. A better trade I would advocate is: buy SOL/ETH. 1. If the Ethereum ETF is approved, SOL will be the next coin to top the list; 2. When the Bitcoin ETF is approved, ETH/BTC rises by 12% in a week as people expect the Ethereum ETF to also Get approved; 3. This is not a popular trading option.

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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.

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