K33 Research has identified a key factor that will help Ethereum surpass bitcoin

Analysts at K33 Research predict that the launch of spot ETFs on ethereum ETH $2,998.63 Ethereum 2.39% Market capitalization $360.43 billion VOL. 24 hours $0.82 billion in the United States could boost ETH’s performance against bitcoin BTC $56,704.78 Bitcoin 3.19% Market capitalization $1.12 trillion VOL. 24 hours $1.99 billion . Large transfers of Ethereum whales and the recent hack of the Ethereum Foundation’s email have also attracted the attention of the crypto community.

Analysts Vetle Lunde and David Zimmerman of K33 Research believe that spot ETFs on ethereum will be a significant boost to the ETH price, while bitcoin may be under pressure due to the return of $ 8.5 billion to creditors of the bankrupt Mt. Gox. Over the past year, ETH has consistently lagged behind bitcoin as more than $ 14 billion has been invested in bitcoin products. However, analysts predict that after the launch of the ETF, interest in ethereum will increase.

In turn, the Ethereum Foundation faced a security problem when the organization’s email was hacked to send phishing emails. About 35,794 fraudulent messages were sent during the attack, however, customers did not lose their crypto assets, and the hack was quickly detected and eliminated.

Despite these challenges, the upcoming launch of spot ETFs on ethereum looks promising for strengthening ETH’s position in the cryptocurrency market, industry experts say.