Ethereum will outperform Bitcoin after ETF launch: K33 Research

📆 7/3/2024 1:53 AM
📰 Cointelegraph

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The stage is set for Ethereum to outperform Bitcoin with Ether ETFs launching as soon as July 8 while Bitcoin stares down headwinds stemming from Mt. Gox.

The price of Ethereum could be bolstered by inflows into upcoming U.S. spot ETFs, while Bitcoin faces headwinds from Mt. Gox creditor repayments.as soon as July 8, are a “golden egg” for ETH’s price, while Bitcoin is set to face selling pressure as $8.5 billion worth is returned to creditors of collapsed exchange Mt.

Lunde and Zimmerman expect ETH “to stumble immediately following the launch of the ETFs” but noted — like what later happened with Bitcoin — that inflows to the funds would likely bolster ETH’s price.

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