Odaily News Arthur Cheong, founder and CEO of DeFiance Capital, posted on the X platform that ETH may be the best-performing mainstream crypto asset in the next 6 to 12 months. If the Bitcoin spot ETF succeeds, and BlackRock is applying for an Ethereum spot ETF, Ethereums ESG friendliness and native staking yield will attract institutional investors. But this does not mean that the ETH/BTC exchange rate has bottomed, as all short-term focus will be on BTC and the Bitcoin halving is due in April next year. After the halving, the ETH/BTC exchange rate may bottom out. Earlier today, the ETH/BTC exchange rate fell below 0.05, hitting a 16-month low.