Analyst says attention will shift to ETH after BTC spot ETF approval

Analyst says attention will shift to ETH after BTC spot ETF approval

"We expect the U.S. authorities to approve a BTC spot ETF, but the price of BTC may decline afterward," MatrixPort analyst and 10X Research founder Markus Thielen told CoinDesk. Technical indicators suggest that the uptrend of the past few weeks is breaking down," he said. "After the approval of the BTC spot ETF, investors will quickly shift their focus to the ETH spot ETF. The final decision on whether to approve an ETH spot ETF is expected in May."