{"id":24249,"date":"2024-07-03T19:00:55","date_gmt":"2024-07-03T16:00:55","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24249"},"modified":"2024-07-03T13:20:59","modified_gmt":"2024-07-03T10:20:59","slug":"ethereum-to-outperform-bitcoin-as-spot-ether-etfs-launch-analysts","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ethereum-to-outperform-bitcoin-as-spot-ether-etfs-launch-analysts\/","title":{"rendered":"Ethereum to Outperform Bitcoin as Spot Ether ETFs Launch: Analysts"},"content":{"rendered":"<p>The launch of spot Ether exchange-traded funds (ETFs) in the United States could see Ethereum outperform Bitcoin, according to analysts. Vetle Lunde and David Zimmerman, analysts at K33 Research, said in a July 2 report that these ETFs are a &#8220;golden egg&#8221; for Ether, while Bitcoin could face selling pressure from the repayment of $8.5 billion worth of Mt. Gox creditor claims. The ETFs are expected to launch on July 8.<\/p>\n<p><strong>Current Market Landscape<\/strong><\/p>\n<p>Over the past year, Ether has underperformed <a href=\"https:\/\/coinengineer.net\/blog\/latest-on-bitcoin-and-cryptocurrencies-july-3\/\">Bitcoin<\/a>. Bitcoin has gained market dominance with over $14 billion in inflows to spot ETFs in 2024. This dynamic has created a significant divergence between the two leading cryptocurrencies. However, the anticipated launch of Ether ETFs could reverse this trend.<\/p>\n<p><strong>Short-Term Volatility and Long-Term Outlook<\/strong><\/p>\n<p>Lunde and Zimmerman acknowledge that it is reasonable to expect ETH prices to &#8220;stumble&#8221; immediately after the launch of the ETFs. This short-term volatility mirrors the pattern observed during Bitcoin ETF launches. However, the analysts believe that inflows into spot funds will support ETH&#8217;s price over time. They maintain a bullish outlook on ETH, stating that they expect net inflows equivalent to 0.75-1% of ETH&#8217;s circulating supply in the five months following the ETF launch.<\/p>\n<p>Lunde wrote, &#8220;ETFs are a solid catalyst for ETH&#8217;s relative strength as flows accumulate over the summer.&#8221; He sees current ETH\/BTC prices as an attractive opportunity for patient investors.<\/p>\n<p><strong>Market Sentiment and ETH\/BTC Dynamics<\/strong><\/p>\n<p>Despite the analysts&#8217; bullish outlook, the market does not seem to be &#8220;stubbornly&#8221; following suit. This sentiment is evident in the fact that Ether futures are trading at a discount to Bitcoin futures, and ETH is trading at 0.055 BTC per 1 ETH. Over the past 12 months, ETH&#8217;s value has been steadily declining relative to Bitcoin, reaching an annual low of 0.045 on May 24. However, following the SEC&#8217;s approval of Ether ETFs, Ether&#8217;s price against Bitcoin quickly reversed course, surprising analysts and pushing the ETH\/BTC pair to 0.055.<\/p>\n<p><strong>Leverage and Market Expectations<\/strong><\/p>\n<p>Despite the reversal, Lunde and Zimmerman note that open interest in Ether futures remains &#8220;relentlessly&#8221; high. This suggests that many investors are using high leverage to bet on ETH&#8217;s potential price action leading up to the ETF launch. This high leverage reflects a strong belief among investors that Ether will outperform following the ETF launch.<\/p>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates instantly.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The launch of spot Ether exchange-traded funds (ETFs) in the United States could see Ethereum outperform Bitcoin, according to analysts. Vetle Lunde and David Zimmerman, analysts at K33 Research, said in a July 2 report that these ETFs are a &#8220;golden egg&#8221; for Ether, while Bitcoin could face selling pressure from the repayment of $8.5<\/p>\n","protected":false},"author":1,"featured_media":15194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,3094,105,4468],"class_list":["post-24249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-etfs","tag-ethereum","tag-however"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum to Outperform Bitcoin as Spot Ether ETFs Launch: Analysts - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ethereum-to-outperform-bitcoin-as-spot-ether-etfs-launch-analysts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum to Outperform Bitcoin as Spot Ether ETFs Launch: Analysts - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The launch of spot Ether exchange-traded funds (ETFs) in the United States could see Ethereum outperform Bitcoin, according to analysts. 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