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Matrixport Lianchuang: If the Ethereum ETF is approved, the best trading strategy is to "buy SOL/ETH"
2024-05-21 08:34:32
Odaily News Daniel Yan, co-founder of Matrixport, posted on the X platform that if the Ethereum ETF is approved within two days, the best trading strategy is to "buy SOL/ETH". The reasons are as follows: ETH has risen by nearly 20% in the past 24 hours; SOL will be the next beneficiary after the ETH ETF is approved; ETH/BTC rose 12% in a week after the BTC spot ETF was approved because people were looking forward to the ETH ETF (approval); the strategy has low market participation and is not a hot trade. He also reminded that the BTC price fell 15% in the weeks after the spot ETF was approved on January 10.