First Mover Americas: Bitcoin Still Stuck in Limbo

Ether (ETH) will outperform bitcoin in September and October, according to crypto analytics firm K33. Given the high chances that the U.S.’ first ether ETF will be approved in mid-October, investors can ride the momentum that will drive ETH as the deadline approaches, according to senior analyst Vetle Lunde. September is a historically difficult month for BTC, having recorded negative returns in that month every year since 2016. The odds, therefore, are “stacked in favor of ETH,” Lunde said, citing the 60% gain that bitcoin made in the three weeks prior to its first U.S. futures-based ETF winning approval in 2021.