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A top executive from digital asset manager CoinShares believes market conditions could soon send Ethereum (ETH<\/a>) soaring.<\/p>\n In a new interview with Scott Melker, CoinShares\u2019 head of research James Butterfill says<\/a> a likely upcoming Fed pivot could be bullish for both Bitcoin (BTC<\/a>) and ETH.<\/p>\n Butterfill says Ethereum could see additional upside momentum around the time the Fed starts cutting rates from the potential launch<\/a> of spot market ETH exchange-traded funds (ETFs) and a supply crunch due to investors already staking a large amount of the top altcoin.<\/p>\n \u201cIf you look at the futures market, interest rate expectations is saying first rate cut [is] not to be until December. I do think the first rate cut will be bigger than expected and later than expected, i.e. a knee-jerk reaction\u2026 <\/em><\/p>\n It would be actually very bullish for something like Bitcoin, which is massively sensitive to interest rate expectations\u2026 <\/em><\/p>\n Certainly on the Ethereum side, it\u2019s interesting. The amount of circulating supply of Ethereum is quite low because a lot of people are staking. Now the new ETFs, they won\u2019t be able to stake when they\u2019re launched in July, most likely, so there could well be a bit of a squeeze going on, a supply squeeze, and that could lead to some quite sharp uprises in prices.\u201d <\/em><\/p>\n Ethereum is trading for $3,761 at time of writing, down more than 2% in the last 24 hours.<\/p>\n