K33 Research "ETH poised for a rebound...ETFs favorable impact"

K33 Research, a crypto research firm, released a report saying that while Ethereum has underperformed Bitcoin since the beginning of the year, it is poised for a rebound in July. "Ethereum is preparing to launch its first U.S. spot ETF in July. We estimate that the Ethereum ETF will absorb between 0.75% and 1% of ETH circulating supply in the five months following its launch. While the ETF launch may trigger a sell-the-news selling event (similar to the Bitcoin ETF in January), this should be short-lived. "Bitcoin, on the other hand, is about to redeem Mt. Gox, which we expect to generate massive selling volume. It's the chickens coming home to roost after running away from home in 2014."