According to TechFlow, K33 Research analysts said that the spot Ethereum ETF is expected to be launched in the United States on July 8, which may enable ETH to outperform BTC in the weeks after its launch.
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 expect net inflows to be equal to 0.75-1% of ETH’s circulating supply within five months of the ETF’s launch.
