K33 Research: Ether will overtake bitcoin in terms of price growth rate

Immediately after the launch of the ETH-ETF, the ether exchange rate may drop slightly, but the inflow of funds into the new exchange-traded funds will support the price:

"ETFs will become a serious catalyst for ETH appreciation as the case progresses and the inflow of funds accumulates," K33 Research experts reasoned.

K33 Research experts remain optimistic about the ether exchange rate and expect net inflows of 0.75-1% of circulating ETH supply within five months of the ether-ETF launch. Vätle Lunde and David Zimmerman have already noted a significant increase in open interest in ether futures. The experts believe that traders are taking advantage of high leverage by betting on potential ETH price movement ahead of the launch of new exchange-traded products.

Earlier, a report by platform Lookonchain said that ether has surpassed bitcoin in terms of fee income for the first half of 2024. Efirium's blockchain revenue was $2.72 billion, while Bitcoin's network was $1.3 billion.