K33 Research analysts: Once the Ethereum spot ETF is listed, the Ethereum price performance will outperform Bitcoin
K33 Research, a cryptocurrency market analysis company, said that once the Ethereum spot ETF is approved for listing in the United States, the Ethereum market is expected to be greatly encouraged, and the price performance will outperform Bitcoin in just a few weeks. According to Nate Geraci, president of The ETF Store, the Ethereum spot ETF is likely to be listed in the week of July 15.
K33 Research analysts Vetle Lunde and David Zimmerman pointed out in a report published on Tuesday that the Ethereum price "is expected to fall immediately after the ETF is listed", but as funds continue to flow into these funds, it is expected to drive the Ethereum price up, while Bitcoin will face selling pressure as Mt.Gox begins to repay funds to creditors.
K33 Research analysts believe that once the Ethereum spot ETF is listed, the price performance of Ethereum is expected to outperform Bitcoin in the short term. However, this forecast is also affected by many factors, including market sentiment, capital flow, regulatory policies, etc. Therefore, investors should fully consider these factors when making investment decisions and remain cautious.
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