CoinJie News Report:
Analysts at K33 Research predict that after the launch of the Ethereum ETF on July 8th in the United States, Ethereum’s performance will surpass that of Bitcoin. This event is crucial for the Ethereum market, especially as Bitcoin faces the challenge of repaying a massive debt to Mt. Gox creditors.
What is the impact of the ETF?
K33 Research analysts Vetle Lunde and David Zimmerman describe these ETFs as a significant boost to the Ethereum price. Unlike Bitcoin, which may face pressure due to an $8.5 billion BTC repayment, Ethereum is expected to benefit from the influx of funds driven by the new ETF. Historically, although Bitcoin has outperformed Ethereum, this dynamic may change soon. Visit COINTURK FINANCE for the latest financial and business news.
How will the ETH/BTC ratio evolve?
Despite Bitcoin’s significant rise this year, Lunde and Zimmerman remain optimistic about Ethereum’s future. They expect a temporary decline in Ethereum after the ETF launch but anticipate that stable fund inflows over time will boost its price. Analysts believe that the current ETH/BTC ratio presents a profitable opportunity for investors, with projected net inflows accounting for 0.75-1% of Ethereum’s circulating supply within five months.
Investment Insights
-The Ethereum spot ETF could significantly boost the price of ETH.
-The ETF may attract funds equivalent to 0.75-1% of the ETH supply, offering a promising investment opportunity.
-Sustained interest in Ethereum futures is a positive indicator.
The decision of the U.S. Securities and Exchange Commission and its impact
The approval of the Ethereum ETF by the U.S. Securities and Exchange Commission has already had a positive impact on Ethereum’s price relative to Bitcoin. Following the approval, the ETH/BTC ratio rose to the current 0.055. This decision provided crucial support for Ethereum, reversing Bitcoin’s year-long downward trend. Analysts point out that public interest in Ethereum futures remains strong, providing important leverage for those investing in Ethereum before the ETF launch.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility of cryptocurrencies, which carry risks, and should conduct their own research.