K33 Research: Coin price performance will outperform Bitcoin! The U.S. Ethereum spot ETF is expected to be listed in mid-July

Cryptocurrency market analysis company K33 Research said that once the Ethereum spot ETF is approved to be listed in the United States, it is expected that the Ethereum market will 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 during the week of July 15.

K33 Research analysts Vetle Lunde and David Zimmerman pointed out in a report published on Tuesday that the price of Ethereum "is expected to fall immediately when the ETF is launched," but as funds continue to pour into these funds, it is expected to drive Ethereum The price of the currency will rise. On the other hand, Bitcoin will face selling pressure as Mt. Gox begins to repay funds to creditors.

Vetle Lunde wrote: “As the summer progresses and capital inflows accumulate, ETFs will become a powerful catalyst for Ethereum strength. For more patient traders, I think the current ETH/BTC price is relatively cheap. "

The two analysts also expect that within 5 months after listing, the net inflow of the Ethereum spot ETF will reach 0.75% to 1% of the circulating supply of Ethereum, so they will maintain a bullish trend on Ethereum the opinion of.

Vetle Lunde and David Zimmerman said that the market still "stubbornly" disagrees with their view. Despite this, the number of open contracts in Ethereum futures is still increasing, indicating that many traders are using high leverage to bet. Pay attention to the potential price movement of Ethereum before the launch of the ETF.

As for when will the Ethereum spot ETF be unveiled?

The ETF Store President Nate Geraci revealed in an article that the reason why "Bloomberg" insists that these funds will be issued in mid-July is because the deadline for receiving the "Revised Registration Statement (S-1 Form)" is July 8 date, and the deadline for the final S-1 form is approximately July 12. In other words, the Ethereum spot ETF will most likely open for trading during the week of July 15th.

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