Cryptocurrency analysts have named a key factor that will allow Ethereum to surpass bitcoin

The K33 Research analytical platform predicts that Ethereum ETH $3,357.69 Bridged Ether (StarkGate) -0.04% Market capitalization $0.3 billion VOL. 24 hours $1.35 billion will be able to outperform Bitcoin BTC $96,046.01 Bitcoin -0.73% Market capitalization $1.9 trillion VOL. 24 hours $2.26 billion in terms of value growth. This will be made possible by the launch of ETH exchange-traded funds in the United States. The second largest cryptocurrency by market capitalization will receive a new incentive, while the flagship digital asset will face serious sales pressure.

K33 Research analysts Vetle Lunde and David Zimmerman believe that the launch of the ETH-ETF will radically change the balance of power in the crypto market. After the launch of the ETH-ETF, the price of ether may decline slightly, but the inflow of funds into new exchange-traded funds will support its value.

They note: «ETFs will be a major catalyst for ETH’s appreciation as things move forward and fund inflows accumulate.»

K33 Research experts remain optimistic about the ethereum exchange rate and expect a net inflow of 0.75−1% of the circulating supply of ETH within five months after the launch of the ethereum ETF. Experts have already noted a significant increase in open interest in ethereum futures, where traders use high leverage to bet on the potential growth of the ETH price ahead of the launch of new exchange products.

Earlier, a report by the Lookonchain platform reported that ethereum overtook bitcoin in terms of commission income for the first half of 2024. The Ethereum blockchain’s profit amounted to $ 2.72 billion, while the Bitcoin network earned $ 1.3 billion.