Will the launch of Ethereum spot ETF bring about an ETH bull market?
What will be the market impact of the Ethereum spot ETF being approved? At least Ethereum is equivalent to being listed on the US stock market. Such a definite good news is indeed very useful.
1. Ethereum outperforms Bitcoin
K33 Research released a report predicting that the Ethereum ETF will outperform Bitcoin after approval. According to K33, the launch of the Ethereum ETF will absorb nearly 0.75% to 1% of all circulating ETH in the first five months. This expectation is in line with Gemini's forecast that $5 billion in funds will flow in within the first six months after the launch.
2. Changes brought about by the listing of Ethereum spot ETF
The listing of Ethereum spot ETF is of great significance. This is equivalent to opening up a legal and strictly regulated investment channel for Ethereum. The massive inflow of gold directly provides a strong impetus for the rise in Ethereum prices. It has strengthened the market's confidence in Ethereum and made more investors willing to participate in it.
Since the beginning of this year, Ethereum's growth has been less than that of Bitcoin. However, there are signs that the trend may change in the second half of the year. After the spot ETF opens for trading, Ethereum has a chance to outperform Bitcoin.
