As the global financial markets prepare to launch U.S.-based spot Ethereum exchange-traded funds (ETFs), Ethereum is positioned to potentially outperform Bitcoin, according to a new analysis by K33 Research. This comes amid concerns that Bitcoin might face downward pressure due to upcoming repayments to creditors of the defunct Mt. Gox exchange. Related Reading: Ethereum’s Breakout Moment: Is a $7,500 Target Achievable? Experts Weigh In ETF Launch to Begin a New Era for Ethereum Ethereum has lagged behind Bitcoin in performance over the last year, with the former surging 67% while the latter by 95%, but that might be about to change with the anticipated launch of Ethereum spot exchange-traded funds (ETFs) in the United States, expected in the coming weeks. Analysts Vetle Lunde and David Zimmerman from K33 Research suggest that introducing these spot ETFs could be pivotal for Ethereum’s valuation. Despite a likely initial dip post-launch, they forecast that inflows into these funds will propel Ethereum’s price over time, drawing a parallel to the earlier impact of Bitcoin’s spot ETFs, which attracte ..
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