Peter Schiff Links Bitcoin’s Strength to Ethereum ETF Rumors

The post Peter Schiff Links Bitcoin’s Strength to Ethereum ETF Rumors appeared first on Coinpedia Fintech News

The US investment broker and financial analyst Peter Schiff is once again in the news for his comments on X regarding the Ethereum ETF approval and its linkage to Bitcoin. Schiff believes that Bitcoin has gained renewed strength from the rumors of a potential Ethereum ETF approval. He further states that any money used to buy new Ether ETFs will most likely come from exiting Bitcoin ETFs, suggesting that investors who have allocated funds to crypto will not increase that allocation to buy Ether. However, some users on X disagreed with Schiff, stating that Bitcoin’s price affects Ether, not the other way around.