Ethereum

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-ethereum-will-outperform-bitcoin-after-spot-etf-launch/" data-wpel-link="internal">Analysts Predict Ethereum Will Outperform Bitcoin After Spot ETF Launch</a><br></p>
<p style="text-align: justify"><strong>K33 Research</strong> analysts predict that <a href="https://en.coin-turk.com/ethereums-price-surge-continues/" data-wpel-link="internal">Ethereum</a> will outperform Bitcoin following the launch of spot Ethereum ETFs in the United States. The anticipated launch date for these ETFs is July 8. This is considered a significant event for Ethereum’s market dynamics, contrasting with the challenges Bitcoin faces due to substantial repayments to Mt. Gox creditors.</p> 
<h2 style="text-align: justify" id="golden-egg-for-ethereum">“Golden Egg” for Ethereum</h2> 
<p style="text-align: justify">K33 Research analysts <strong>Vetle Lunde</strong> and <strong>David Zimmerman</strong> stated that these ETFs will have significant impacts on Ethereum’s price. Describing the ETFs as a “golden egg” for ETH, the analysts foresee that inflows from these financial products will boost Ethereum’s value. In contrast, Bitcoin is expected to face selling pressure due to the return of $8.5 billion worth of BTC to creditors of the defunct Mt. Gox exchange.</p> 
<p style="text-align: justify">Historically, ETH has underperformed compared to Bitcoin, especially over the past year. Bitcoin has achieved significant gains this year, supported by over $14 billion flowing into Bitcoin-traded products.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-367422 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/wu.png" alt="" width="512" height="158"></p> 
<p style="text-align: justify">Despite this trend, Lunde and Zimmerman remain optimistic about Ethereum’s prospects. They foresee a temporary dip for ETH following the ETF launch but believe subsequent inflows will strengthen its price over time.</p> 
<h2 style="text-align: justify" id="promising-predictions">Promising Predictions</h2> 
<p style="text-align: justify">The analysts predict that as inflows accumulate, the ETFs will serve as a strong catalyst for ETH’s relative strength throughout the summer. They suggest that the current <strong>ETH/BTC</strong> price ratio offers a valuable opportunity for patient <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. Specifically, they foresee net inflows equivalent to 0.75-1% of ETH’s circulating supply within five months post-launch, strengthening ETH’s market position.</p> 
<p style="text-align: justify">Despite the analysts’ positive outlook, the broader market remains skeptical. Ethereum futures trade at a discount compared to Bitcoin futures, and the ETH/BTC pair is around 0.055 BTC per 1 ETH. Over the past year, ETH has consistently declined against Bitcoin, hitting its lowest point on May 24.</p> 
<h2 style="text-align: justify" id="sec-s-decision-and-its-effects">SEC’s Decision and Its Effects</h2> 
<p style="text-align: justify"><strong>Ethereum ETF</strong> approval by the U.S. Securities and Exchange Commission (SEC) has already had a positive impact on ETH’s price relative to Bitcoin. Following the SEC’s decision, the ETH/BTC ratio quickly rose to its current value of 0.055.</p> 
<p style="text-align: justify">This unexpected approval has provided much-needed support for Ethereum, countering a year-long downtrend against Bitcoin. Lunde and Zimmerman emphasize that open interest in Ethereum futures remains high, providing significant leverage for investors betting on ETH’s price movement ahead of the ETF launch.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analysts-predict-ethereum-will-outperform-bitcoin-after-spot-etf-launch/" data-wpel-link="internal">Analysts Predict Ethereum Will Outperform Bitcoin After Spot ETF Launch</a></h5>

Analysts Predict Ethereum Will Outperform Bitcoin After Spot ETF Launch

목차

COINTURK NEWS

2024년 7월 3일에 게재된 다른 기사

Top Crypto Presale: Staking Continues on MoonBag Presale, Investors Look Forward to 88% APY as No...

Are You Looking to Break into Finance? Local Enthusiasts, Come Discover the Hong Kong Traders Fai...

What Is Polkadot (DOT)?

Pepe Coin Price Analysis: $0.00001 Break Imminent Amid Whale Sell-off?

Bitfarms Online Hashrate Surges by 21% Hitting a Mining Milestone in June 2024

BlackRock Signals Interest in SOL ETF Amidst Solana’s Growing Ecosystem

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!