Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
K33 Research: After the launch of ETF, ETH's performance will surpass BTC

K33 Research: After the launch of ETF, ETH's performance will surpass BTC

Bitget2024/07/03 02:19

K33 Research analysts suggest that the performance of ETH spot ETFs may surpass BTC in the weeks following their launch in the United States. K33 analysts Vetle Lunde and David Zimmerman stated in a report that these two ETFs are expected to debut as early as July 8th, acting as a "golden egg" for ETH prices. Meanwhile, with $8.5 billion being returned to creditors of the bankrupt exchange Mt.Gox starting this week, Bitcoin could face selling pressure. Over the past year or so, ETH's performance has been inferior to BTC's, which has achieved market-leading gains this year due to more than $14 billion flowing into Bitcoin exchange-traded products. Lunde suggests that with the arrival of summer and accumulation of funds, ETFs will be a solid catalyst for relative strength in ETH; he firmly believes that current ETH/BTC prices are worthwhile for patient traders. "We remain optimistic about ETH's prospects and expect net inflows equivalent to 0.75-1% of circulating supply within five months after its launch."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!