QCP Capital has tipped Ethereum to outperform Bitcoin in the medium term.
The prospects of securing approval for spot Ethereum ETFs is contributing to this optimism.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is expected to skyrocket, with quantitative trading firm QCP Capital projecting sustained outperformance over Bitcoin (BTC) in the medium term.
This positive outlook is fueled by market expectations surrounding the possible approval of spot ETH Exchange-Traded Funds (ETFs). QCP Capital’s latest Market Update report sheds light on the recent developments and key factors contributing to Ethereum’s momentum.
Analysis of Ethereum’s Recent Performance
In the week following the approval of multiple spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), Ethereum experienced a notable rally of over 5%. In stark contrast, Bitcoin’s price has experienced a decline of over 6% during the same period. QCP Capital’s Market Update high

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