According to Glassnode, following the approval of the spot BTC ETFs, ETH and other altcoins experienced a surge, with ETH outperforming BTC for the first time since October 2022. The key takeaways from the report are:

• Ethereum outpaced Bitcoin, rallying over 20% against BTC after the ETF approval.

• ETH derivatives market saw a notable uptick in trading volume, indicating increased interest and capital inflows.

• Solana emerged as a strong contender in the Layer 1 blockchain space in 2023, although it didn't see significant strength following the BTC ETF approvals.

• Overall, altcoins gained momentum riding on the ETF enthusiasm, with traders anticipating another speculative wave in the $SOL market #BinanceWish #ETFApproval2024 #Solana