With the upcoming approval of the Ethereum ETF, we might have seen the generational bottom for ETHBTC.

In today’s issue of The Tentacle discover 4 strategies to trade the ratio using eBTC, Gearbox, Summer.fi and Vertex Protocol.

The Leviathan News piece argues that with U.S. spot Ethereum ETFs approved and trading, the ETH/BTC pair may have put in a “generational bottom,” and then outlines how traders can express that view using several DeFi and derivatives venues. The article combines macro context around Ethereum’s new ETF-driven legitimacy with concrete ratio-trading strategies using eBTC, Gearbox, Summer.fi, and Vertex Protocol. The backdrop is the U.S. Securities and Exchange Commission’s approval of multiple spot Ethereum ETFs, which many analysts view as a structural shift for Ether similar to the impact of Bitcoin spot ETFs earlier in the year. The SEC cleared 19b-4 filings for eight issuers including BlackRock, Fidelity, Bitwise, VanEck, and Grayscale, paving the way for spot ETH products that allow traditional investors to gain Ether exposure through brokerage accounts rather than directly holding the asset. These ETFs subsequently launched on U.S. markets, with nine products debuting and generating roughly $1.1 billion in first-day trading volume, reinforcing the narrative that Ethereum is now treated as a “blue chip” digital asset in regulated markets. In parallel, some on-chain and market analysts have described recent ETH price action as potentially marking a “generational bottom,” pointing to undervaluation metrics and the prospect of a longer-term ETH bull phase relative to Bitcoin and the broader altcoin market. Against this market and regulatory backdrop, the Substack article focuses on trading the ETH/BTC ratio rather than ETH in isolation, positioning it as a way to bet on Ethereum’s relative outperformance now that ETF access may catalyze new flows. It highlights four different tools and venues for expressing that view: eBTC, a synthetic or wrapped Bitcoin-like exposure designed for on-chain strategies; Gearbox, a composable leverage protocol that offers credit accounts for levered DeFi positions; Summer.fi, a front-end and automation layer for collateralized debt and yield strategies; and Vertex Protocol, a decentralized derivatives exchange offering perp and spot markets suitable for ratio trades. The piece walks through structures such as going long ETH and short BTC, or using leverage and derivatives to amplify exposure, framed around the thesis that ETF-driven adoption and Ethereum’s role in DeFi and Web3 could support ETH gaining ground on BTC over a multi-year horizon. "entities":["Ethereum","ETH","Bitcoin","BTC","ETH/BTC","Ethereum ETF","spot Ethereum ETF","SEC","U.S. Securities and Exchange Commission","BlackRock","Fidelity","Bitwise","VanEck","Grayscale","iShares Ethereum Trust (ETHA)","Fidelity Ethereum Fund (FETH)","Bitwise Ethereum ETF (ETHW)","Grayscale Ethereum Trust ETF (ETHE)","Grayscale Ethereum Mini Trust (ETH)","21Shares Core Ethereum ETF (CETH)","VanEck Ethereum ETF (ETHV)","Invesco Galaxy Ethereum ETF (QETH)","Franklin Ethereum ETF (EZET)","eBTC","Gearbox","Summer.fi","Vertex Protocol","Leviathan News","The Tentacle"]}`'} Where and the users will be interested in the compelling content, the relativity and the understanding of how its likely to impact them in their real lives. For e. g. if its abut a new gadget launch , 'entities': ['NewCo', 'GadgetPro X1'] or if the post is about a crypto regulation, then 'entities':['US SEC','Ethereum ETF', 'Blackrock'] . Do not add explanations.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• The Ethereum ETF green light: Bob's deep dive into the SEC's ... (bobsguide.com)
• Exploring the Impacts of ETH ETF Approvals - by Tanay Ved (coinmetrics.substack.com)
• Was $1.4K Ethereum's 'generational bottom?' — Data sends mixed ... (tradingview.com)
• A One-Month Retrospective on the Ethereum ETFs (onchain.org)
• Ethereum ETFs List - ETF Database (etfdb.com)

Explore the topic

• ETF
• Ethereum
• Bitcoin