K33 Research: Ethereum will outperform Bitcoin after the launch of Ethereum spot ETF

K33 Research analysts said that the Ethereum spot ETF is expected to launch in the United States on July 8, which may allow ETH to outperform BTC in the weeks after the launch. K33 Research analysts Vetle Lunde and David Zimmerman said that the ETH ETF is the "golden egg" for its price, while BTC is facing selling pressure due to the return of $8.5 billion in BTC to creditors by the Mt.Gox exchange. Although ETH has underperformed BTC over the past year, the inflow of funds from the ETF is expected to boost ETH prices. Analysts said: "We remain optimistic about the outlook for ETH and expect net inflows to be equivalent to 0.75%-1% of the circulating supply of ETH within five months of the launch of the ETF." (Cointelegraph)