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Surprise Move from SEC Approved Company: Sold All Its Altcoins and Switched to Bitcoin! Here’s the Reason...
The investment advisory company Two Prime announced with a surprising decision that it sold its Ethereum and switched to Bitcoin.
We Are Fully Transitioning from Ethereum to Bitcoin!
According to this, the SEC approved firm, Two Prime, stated that it has abandoned Ethereum due to memecoin-like behavior and inadequate price performance, while stating that Bitcoin (BTC) allocation will be doubled.
Ethereum (ETH) is Acting Like a Memecoin!
Two Prime stated that ETH has started to behave more like a memecoin rather than a predictable asset. The statement noted that following ETH's decoupling from Bitcoin in the first quarter of 2025, it has shown more signs of weakness, while the ETH/BTC ratio has dropped to a five-year low considering ETH's inadequate price performance in 2025.
The company also stated that Ethereum has not shown any signs of recovery after the recent declines, indicating that investors have not bought the dip, which is a sign of indifference towards the largest altcoin.
For all these reasons, the company stated that it will exit from ETH and focus entirely on BTC.