market performance

Matrixport: Over the past 13 years, Bitcoin's average return in July has exceeded 12%, and market performance may improve next month

ChainCatcher news, according to a report by Matrixport Research, the SEC is likely to approve the Ethereum spot ETF in the coming days, with an expected approval time early next week, followed by the potential launch of these ETFs a few days later. The funding scale of the Ethereum ETF is expected to reach about 20% of the Bitcoin spot ETF scale. This ratio is roughly consistent with the scale of Ethereum futures relative to Bitcoin futures, the scale ratio of Ethereum futures-based ETFs to Bitcoin futures-based ETFs, and the market capitalization ratio of Ethereum to Bitcoin. The long weekend of the July 4th public holiday in the U.S. may affect the capital inflow on the first day of the Ethereum spot ETF.Matrixport Research also pointed out that Bitcoin's average 30-day historical volatility over the past five years has been 60%, but is currently only 30%. Therefore, investors are advised to consider using options products to manage market risks, especially during the summer months, when the Bitcoin market has historically been challenging. Historical data shows that Bitcoin's return in the third quarter is usually lower, while the fourth quarter tends to perform the strongest. The Bitcoin market performed poorly in June this year, and the market performance in July may improve, with Bitcoin's average return in July exceeding 12% over the past 13 years.
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