As the deadline for the SEC to reveal its decision on spot Ethereum ETFs is drawing closer, Mow began to slam Ethereum-based ETFs. In a recent tweet, this “$1 million Bitcoin” advocate wrote that he is expecting them to be beaten by Bitcoin-based ones.
Besides, he believes now is the last time for holders to sell Ethereum at a good price against Bitcoin.
For those who are in doubt, the Bitcoin maximalist suggested comparing demand for both BTC and ETH on other markets and said it is important to consider that Ethereum will not give staking rewards.
Mow concluded his tweet by saying that now is “the last chance to sell ETH above 0.05 BTC.”
In the comments to his root tweet, Samson added that he expects the news of the potential approval to become one of the biggest “sell the news events” this year.
When a commentator pointed out that there is no company of the scale of MicroStrategy, which is acquiring Ethereum now in the same amounts as Michael Saylor’s company, is accumulating Bitcoin.
Contrary to Mow, Bitcoiner and VC investor Anthony Pompliano believes that the potential approval of Ethereum ETFs by the SEC could become “the last dam to be broken” before the U.S. approves the entire cryptocurrency space.
The BlackRock (NYSE:BLK) fund remains the leader among ETFs, with $92 million coming into it on Wednesday. On May 21, BlackRock’s IBIT had the largest inflow over the past 32 trading days – $291 million.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
