Phyrex: Ethereum spot ETF may be the next speculative hot spot

Cryptocurrency analyst Phyrex on X platform: In my personal opinion, after the speculation on Bitcoin spot ETF ends, the remaining asset that can continue to drive sentiment is Ethereum spot ETF. Currently, the exchange rate between ETH and BTC is relatively declining, which means more funds are entering BTC. Therefore, when BTC's ETF is launched, investors will first become aware of the high probability of approval for ETH spot ETF.

Especially for Bloomberg and Reuters who currently have control over ETF flows, there is a greater probability of continuing to speculate on ETH. At the same time, more funds will enter ETH. Even investors who "missed out" on BTC investments will not miss out on this last positive development at the "policy" level. So personally speaking, it should be a viable strategy to trade in ETH and BTC exchange rates or buy into ETH.