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Ether (ETH) ETF Speculation Could Weigh on SOL and Broader Altcoin Market
“ETH has been a de facto funding token of this bull cycle, similar to the low-yielding Japanese yen in the foreign exchange market. With renewed hopes of an ETH ETF in sight, traders would like to tackle their short positions in ETH vs SOL and other tokens,” said Ilan Solot, co-head of digital assets at Marex Solutions, in an interview. “The unwinding of short positions will occur over time, ensuring superior performance of Ether in the short term.”