ETH Expected to Surpass BTC Rally Post Spot ETF Launch
CryptoNewsTerminal Staff04 Jun, 2024
ETH Expected to Surpass BTC Rally Post Spot ETF Launch
Although Bitcoin (BTC) continues to dominate the cryptocurrency market, Ethereum (ETH) is expected to experience a surge in value following the launch of a spot ETF in the United States. A report by K33 Research suggests that substantial institutional demand for ETH in the U.S. could lead to an influx of approximately $4 billion into an ETH spot ETF within the first five months of its launch. The report anticipates that the launch of the ETH spot ETF could occur as early as late June or early July, potentially triggering a supply shock for ETH. This could result in a significant price appreciation, similar to what occurred with the BTC spot ETF. Furthermore, the ETH/BTC ratio is predicted to reverse its downtrend and exhibit an upward trajectory. Overall, the launch of an ETH spot ETF is anticipated to have a positive impact on the asset's price performance, potentially surpassing the rally experienced by BTC following the introduction of its spot ETF.
