Odaily Planet Daily News K33 Research analysts said that the Ethereum spot ETF is expected to be launched in the United States on July 8, which may cause ETH to outperform BTC within weeks of going online. K33 Research analysts Vetle Lunde and David Zimmerman said that the ETH ETF is the "golden egg" for its price, while BTC is facing selling pressure due to the Mt.Gox exchange returning $8.5 billion in BTC to creditors. Although ETH has underperformed BTC over the past year, the inflow of funds into the ETF is expected to boost ETH prices. Analysts said: "We remain optimistic about the outlook for ETH and expect net inflows to be equivalent to 0.75%-1% of ETH's circulating supply within five months of the launch of the ETF." (Cointelegraph)
