Kryptanium Capital: If the Ethereum ETF is approved, the best trading strategy is to buy SOL/ETH
2024-05-21 16:51:21
On May 21st, Kryptanium Capital co-founder Daniel Yan posted on social media that if the Ethereum ETF is approved within two days, the mainstream trading strategy is to buy ETH. It is true that this cannot be refuted, but please note that ETH has risen by almost 20% in the past 24 hours. In addition, Bitcoin has fallen by 15% in the weeks following the ETF approval on January 10th. In my opinion, the best trading strategy is to buy SOL/ETH. Here are the reasons:
SOL could be the next token after the ETH ETF is approved.
In the week after BTC was approved, ETH/BTC rose by 12%, just as one would expect from an ETH ETF.
This strategy has low market participation and is not a hot trade.