Kaiko: Spot Ether ETF Could Outperform Bitcoin After Launch
Ether could outperform bitcoin following the launch of the highly anticipated ethereum exchange-traded fund (ETF) in the U.S., according to a new report from Kaiko. The report notes that the price ratio of Ether to Bitcoin is currently 0.05, up from 0.045 before the Securities and Exchange Commission (SEC) approved the spot Ether ETF, suggesting that Ether is rising relative to Bitcoin. The report also highlights that Ether's 1% market depth and exchange reserves are at multi-year lows, which could signal a supply shock due to increased institutional demand, pushing the ETH price even higher. According to the forecast, the spot ethereum ETF could launch by July 23, with institutional investors expected to attract $10 billion in inflows at a rate of about $1 billion per month. Overall, Kaiko's analysis suggests that with the launch of the spot ethereum ETF, ethereum could outperform bitcoin in the market.
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.
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