Ethereum Set to Outperform Bitcoin After ETH-based ETFs Start Trading: Report

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According to analysts at K33 Research, the upcoming launch of Ether exchange-traded funds (ETFs) in the United States could lead to the cryptocurrency outperforming Bitcoin in the weeks to come.

Expected to become available on July 8, the ETFs are highly anticipated for Ether and are seen as a major boost for the cryptocurrency.

In contrast, Bitcoin may experience selling pressure as $8.5 billion worth of Bitcoin is returned to creditors of the collapsed exchange Mt. Gox this week, as noted in a July 2 report by K33 analysts Vetle Lunde and David Zimmerman.

Over the past year, Ether has not performed as well as Bitcoin, which has seen significant gains due to inflows of over $14 billion to Bitcoin exchange-traded products this year.

However, Lunde and Zimmerman believe that once the ETFs are launched, the price of Ether may initially stumble but will likely see a positive impact over time, just like Bitcoin did after its own ETFs were launched.