Chart Of The Day: Excited About Bitcoin? Ethereum Could Offer Better Value – Investing.com

bitcoin, digital, bullish, token, pennant,
Middle East

Chart Of The Day: Excited About Bitcoin? Ethereum Could Offer Better Value – Investing.com

On Tuesday, when it debuted on the NYSE, the first futures fund, the ProShares Bitcoin Strategy ETF (NYSE:) rose more than 4%. itself gained 3.5%.

The leading cryptocurrency is getting a boost from two narratives—it's considered an inflation hedge and it's gaining traction from the excitement surrounding the first-ever digital token futures ETF, which is seen to provide legitimacy to what more traditional investors have been considering a faddish asset class.

However, the odds are rising that crypto traders might cash out of Bitcoin after a good run, now that the exchange traded fund has launched.

Check the history on the topic
Vote to feature
Follow the conversation