Nexo

Join the hunt for $12,000,000+ in NEXO Tokens!

Learn More
Home » Markets » Time to Rotate from Ethereum to Bitcoin Says New Research Report

Time to Rotate from Ethereum to Bitcoin Says New Research Report

by

New Ether ETFs struggle to attract institutional interest.

Time to Rotate from Ethereum to Bitcoin Says New Research Report

Share this article

A new report from crypto brokerage firm K33 Research recommends reducing exposure to Ethereum in favor of Bitcoin after the muted launch of Ether futures ETFs last week.

According to the report by Head of Research Anders Helseth and Senior Analyst Vetle Lunde, the freshly launched ETFs saw trading volumes reaching just 0.2% of the trading volumes seen for Bitcoin futures ETFs launched in 2021.

“Increased institutional access will only create buying pressure if significant unsatiated demand exists. This is not the case for ETH at the moment,” the analysts wrote.

The analysts argue the lukewarm response has more similarities to the 2017 CME Bitcoin futures debut than the excitement around 2021’s Bitcoin ETFs, which saw immediate institutional demand.

While the ETF approval represents a long-term watershed moment for Ethereum, the K33 report suggests reducing elevated Ether exposures for now until broader sentiment improves and institutions show renewed interest.

“We believe it’s time to pull the brakes on ETH and rotate back into BTC,” the analyst wrote.

Bitcoin and Ethereum both rose around 5% over the past week, though gave back nearly half of their gains leading to the disappointing ETF launch.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.