K33 Research analysts Vetle Lunde and David Zimmerman In their report, they suggested that the ETH-ETF would radically change the balance of power in the crypto market. Immediately after the launch of the ETH-ETF, the ether rate may decrease slightly, but the influx of funds into new exchange-traded funds will support the price:
"ETFs will become a serious catalyst for strengthening ETH — as the case progresses and the inflow of funds accumulates," K33 Research experts reasoned.
K33 Research specialists maintain an optimistic outlook on the ether exchange rate and expect a net inflow of funds in the amount of 0.75-1% of the circulating ETH supply within five months after the launch of the ether ETF.Vetle Lunde and David Zimmerman have already noted a significant increase in open interest in ether futures. Experts are confident that traders use high leverage when betting on the potential price movement of ETH ahead of the launch of new exchange products.
Earlier, a report by the Lookonchain platform stated that ether surpassed bitcoin in terms of commission income for the first half of 2024. The profit of the Ethereum blockchain amounted to $2.72 billion, and the Bitcoin network — $ 1.3 billion.