Time to Hit the Brakes on Ethereum, the Altcoin King

The underwhelming performance of the nine newly launched Ethereum (ETH) futures exchange-traded funds (ETFs) in the US, which were opened for trading for the first time, has prompted analysts at Norway-based digital asset research and investment firm K33 Research to call for a return to Bitcoin (BTC). Time to Hit the Brakes on Ethereum, the Altcoin King In a market report published on October 3rd by K33 Research analysts Anders Helseth and Vetle Lunde, they pointed out that the initial trading volume of Ethereum futures ETFs could only reach 0.2% of the trading volume achieved on the first trading day of the ProShares Bitcoin Strategy ETF (BITO) in October 2021, indicating that it is time to hit the brakes on ETH and return to BTC. The post Time to Hit the Brakes on Ethereum, the Altcoin King appeared first on COINTURK NEWS.