Bitcoin (BTC) and Ethereum (ETH), the world’s leading cryptocurrencies, are showing visible differences following the launch of their spot ETF products. While Bitcoin has increased in value after the debut of its ETF in January, Ethereum has experienced a decline.
This divergence in Bitcoin and Ethereum price action offers a unique perspective on the crypto market’s current condition.
Market Volatility Hits Bitcoin and Ethereum Post ETF Launch
Market analyst Andrew noted that Bitcoin’s price has jumped by more than 30% since the launch of its spot ETF. On the contrary, Ethereum has experienced a 30% slump since the approval of its ETF in July. This divergence shows that Bitcoin thrives while Ethereum is bleeding post-ETF launch.
BTC ETFs started trading on January 11 when the price of the coin was trading for $46,121. However, recent movement in Bitcoin and Ethereum coincides with intense market fluctuations. The market suffers from a bland performance, with BTC
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