QCP Capital: Ethereum May Outperform Bitcoin in the Medium Term
According to QCP Capital's latest market update report, Ethereum is likely to continue outperforming Bitcoin in the medium term as the market anticipates potential approval for a spot ETH ETF. 'We expect Ethereum to continue outperforming Bitcoin in the medium term as market attention shifts to the potential approval of an ETH spot ETF,' stated analysts at QCP Capital. The market update report from QCP Capital on Wednesday also noted that the ETH/BTC exchange rate had risen from 0.05 to 0.06 in the past week. The report added, 'The next major cryptocurrency events are the Bitcoin halving in mid-April and the potential approval of a spot Ethereum ETF starting in May.
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