K33 Research analysts recently released a report stating that Bitcoin futures continue to be at a premium, indicating that Ethereum is underperforming relative to Bitcoin, and this situation is expected to continue. The report believes that the digital gold attribute and the upcoming spot Bitcoin ETF make Bitcoin more attractive. Analysts suggest that until there is clear evidence of a spark in Ethereum, holding onto Bitcoin may be the safest bet. 🔍

In addition, the report predicts that the U.S. SEC will not appeal Grayscale’s case before the Friday deadline, and the court may instruct the SEC to re-evaluate Grayscale’s application to convert GBTC products into spot Bitcoin ETFs. Analysts said that regardless of whether the SEC appeals, this decision may trigger a strong market reaction in the short term and pay attention to the next Bitcoin spot ETF application decision deadline. What do you think about this? Feel free to talk in the comment area! (Source: The Block)