The post Ethereum (ETH) to Outperform Bitcoin (BTC) After ETF Launch appeared on BitcoinEthereumNews.com.

K33 Research says that Ethereum spot ETFs will accrue up to 1% of the Ether supply, or $4 billion, pushing ETH to outperform Bitcoin, which faces selling pressure as Mt. Gox creditors get refunded. The firm says that ETH is trading at a steep discount against BTC but noted that Ether’s futures interest was soaring, indicating that traders are accruing the altcoin on high leverage. K33 Research says Ethereum spot ETFs will change the game for the largest altcoin, making it a better investment than Bitcoin. The Norwegian analytics company, formerly Arcane Research, says that most investors don’t realize Ether’s vast opportunity. This is reflected in its continued suppressed price, even as the green light for the launch of the ETH ETFs edges closer. The company believes that once the ETFs launch, they will quickly rack up around 1% of all circulating Ethereum, equating to 1.2 million ETH, or $3.86 billion. It stated: We maintain a bullish ETH outlook in anticipation of net inflows equivalent to 0.75-1% of ETH’s circulating supply in the five months following the launch. 🚀 #Ethereum (ETH) set to outshine #Bitcoin (BTC) post-ETF launch! 💹 K33 Research: ‘We maintain a bullish ETH outlook in anticipation of net inflows equivalent to 0.75-1% of ETH’s circulating supply in the five months following the launch.’ Get ready for a bullish ride! 📈… pic.twitter.com/SB9fTggK9M — Collin Brown (@CollinBrownXRP) July 3, 2024 Market experts have yet to come to a consensus on when the SEC will nod to the ETH ETFs. As Crypto News Flash reported, some, like ETF Store President Nate Geraci and Consensys’ Jimmy Ragosa, believe the approval will be in mid-July. Others believe it’s towards the end of the month, while a few others believe the SEC’s move to return the applications with its comments will lengthen the application…

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Filed under: News - @ July 4, 2024 3:18 am