According to research note published by CryptoSlate.
The exchange, citing various data such as options skewness, portfolio adjustments and whale stocks, noted that the launch of the ETF is likely to boost the long-term price of Ethereum.
And as such investors are selling bitcoin in their possession, to acquire Ethereum and I begin to doubt the future of bitcoin!
I don’t know how true it this because I don’t think Bitcoin holders will sell their they have in their portfolio for Ethereum; they will rather stop investing in Bitcoin for now to stock more Etherum in their portfolio.
If the Ethereum ETF is lunched, there is a possibility that Ethereum will get more value than it gets now, and anyone that hold Ethereum will gain profit; but all these acts are to take people’s attention off Bitcoin which is not possible in my opinion because Bitcoin is the pioneer Crypto coin and any other coin will follow its suit.