Joshua Lim, founder of Arbelos Markets, believes that the ETH/BTC ratio is likely to continue its upward trend, reaching 0.06.

Ethereum ETF Approval Fuels Optimism

This prediction comes after the U.S. Securities and Exchange Commission (SEC) unexpectedly approved spot Ethereum ETFs this month. Prior to this decision, the ETH/BTC ratio had been steadily climbing from 0.045 to 0.056.

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While Ethereum ETFs may not hit the market for weeks or even months due to the SEC’s requirement for S-1 filings, Lim suggests that investors are already factoring in the potential approval of ETFs for other proof-of-stake projects, following Ethereum’s lead.

Lim’s Outlook for Proof-of-Stake Projects

Lim further explains that the potential for proof-of-stake projects to gain traction in the institutional investment space is driving interest in these assets. He believes that investors are anticipating that these projects will eventually attract similar ETF approvals, leading to further price appreciation.

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