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DeFiance Capital Founder: ETH/BTC Exchange Rate May Truly Hit Bottom After Bitcoin Halving

October 24th, Arthur Cheong, the founder and CEO of DeFiance Capital, stated on his social media platform that if the Bitcoin spot ETF is successful and BlackRock applies for an ETH spot ETF, then Ethereum's ESG friendliness and native staking yield will attract institutional investors. However, this does not mean that the ETH/BTC exchange rate has bottomed out, as all short-term focus will be on BTC, and Bitcoin will halve in April next year. After the halving, the ETH/BTC exchange rate may bottom out.

Bitcoin Bitcoin $98,138.11
+4.02%
Ethereum Ethereum futures ETF ETH
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