Ethereum ETFs pose a potential threat to Bitcoin, argues financial expert Peter Schiff in an interview.

Quick Summary:

Schiff suggests that ETH ETF approval could shift funds from Bitcoin.Is it likely?

On 21st May, Bitcoin ETFs experienced net inflows totaling $305.7 million.

In his view, investors who have already allocated funds to cryptocurrency are unlikely to increase their overall investment in the crypto market just to buy Ethereum ETFs.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United States

Topics: Social Bitcoin Trading View Altcoin News 1 Ethereum News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 08:30:41 (1 months ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21057112

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #103

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