Read

Spot

<ul>
 <li>Spot ETH ETFs to start trading soon, driving Ethereum’s price surge.</li>
 <li>Analysts predict ETH will outperform Bitcoin, driven by ETF inflows.</li>
 <li>Massive Mt. Gox repayments to increase sell-pressure on Bitcoin.</li>
</ul>
<p>With the May-approved spot ETH ETFs due to begin trading soon, industry analysts remain bullish on the asset’s potential for the future. According to recent research by analysts at <a href="https://k33.com/research" target="_blank" rel="noopener noreferrer nofollow">K33 Research</a>, ETF launch indicates a significant opportunity for ETH price increase.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">ETHEREUM’S MASSIVE RUN IS ABOUT TO BEGIN…<br><br>– With the May-approved spot <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ETFs expected to begin trading any time in the coming days/weeks, industry experts are very bullish indeed about the asset’s prospects going forward.<br><br>– In a recent report, analysts at K33 research… <a href="https://t.co/0vEKedC0X8" rel="noopener noreferrer nofollow">https://t.co/0vEKedC0X8</a> <a href="https://t.co/nBaOgM1tsn" rel="noopener noreferrer nofollow">pic.twitter.com/nBaOgM1tsn</a></p>— BSCN (@BSCNews) <a href="https://twitter.com/BSCNews/status/1808438478872408106?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to the analysts, there might be some volatility in Ethereum’s price just after the ETF launch. They do, however, anticipate that this will only last temporarily before a period of improved price performance.&nbsp;</p>
<p>This replicates the pattern seen with <a href="https://bitcoin.org/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> in January. The analysts predict that as the summer goes on and investment flows accumulate, ETFs will play a significant role in boosting ETH’s relative strength. They believe patient traders can get an excellent rate on ETH/BTC at current prices.</p>
<p>ETH is expected to outperform Bitcoin due to ETF inflows. Despite underperforming in 2024 so far, Ethereum is anticipated to rebound. This optimism is due in part to the sell-pressure on Bitcoin caused by the huge <a href="https://cryptonewsland.com/mt-gox-set-to-commence-bitcoin-and-bitcoin-cash-repayments-in-july-2024/" target="_blank" rel="noopener noreferrer nofollow">repayments from Mt. Gox</a>, which is likely to begin soon.</p>
<p>The <a href="https://cryptonewsland.com/ethereum-etfs-poised-for-mid-july-launch-amid-market-uncertainty/" target="_blank" rel="noopener noreferrer nofollow">launch of ETH ETFs</a> is likely to have a major effect on the overall cryptocurrency market. The predicted rise in investment flows into Ethereum may drive prices higher, supporting the market as a whole.&nbsp;</p>
<p>Analysts also believe that the ETF debut will attract a new generation of investors to the cryptocurrency industry, increasing investor sentiment.</p>
<p>Ethereum is at an important turning point with the approval and impending trading of spot ETH ETFs. Analysts are optimistic about the asset’s future, predicting considerable price gains to follow any initial dip. The market as a whole will gain from these events as ETH is expected to perform better than Bitcoin.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/will-btc-and-eth-surge-as-celsius-begins-altcoin-conversions/" rel="noopener noreferrer nofollow">Will BTC and ETH Surge as Celsius Begins Altcoin Conversions?</a></li>
 <li><a href="https://cryptonewsland.com/xrp-poised-to-outperform-bitcoin-and-ethereum-in-the-coming-boom-can-its-unique-edge-propel-xrp-price/" rel="noopener noreferrer nofollow">XRP Poised to Outperform Bitcoin and Ethereum in the Coming Boom, Can Its Unique Edge Propel XRP Price?</a></li>
 <li><a href="https://cryptonewsland.com/spot-ethereum-etfs-likely-to-launch-by-july-2-analyst/" rel="noopener noreferrer nofollow">Spot Ethereum ETFs Likely to Launch by July 2: Analyst</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-spot-etf-may-not-be-approved-eth-price-drops-6/" rel="noopener noreferrer nofollow">Ethereum Spot ETF May Not Be Approved, ETH Price Drops 6%</a></li>
 <li><a href="https://cryptonewsland.com/matic-and-avax-to-rally-eth-to-outperform-btc-crypto-strategist/" rel="noopener noreferrer nofollow">MATIC and AVAX to Rally, ETH to Outperform BTC: Crypto Strategist</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ethereums-massive-run-set-to-begin-with-spot-etfs-poised/" rel="noopener noreferrer nofollow">Ethereum’s Massive Run Set to Begin with Spot ETFs, Poised to Outperform Bitcoin</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum’s Massive Run Set to Begin with Spot ETFs, Poised to Outperform Bitcoin

Crypto News Land

Alte articole publicate pe 4 iul. 2024

Bittensor (TAO) Down After a Network Attack: Crypto Analysis of July 4, 2024

Cronos Passage: Bridge to zkEVM!

Crypto Heavyweights Invest in BlockDAG, Injective, and Maker for Upcoming Bull Run; Is Layer 1 Bu...

Justin Sun To Buy German Government’s BTC Stash To Minimise Market Impact

Solana Meme Coins Outperform Ethereum 800% YTD – Top Winners Revealed

Tether Collaborates with BTguru to Enhance Digital Asset Education in Türkiye

Join our free newsletter for daily crypto updates!