Ethereum staged a comeback to become one of the best performing digital assets over the past few months.
Experts and influx data show that Stark’s growth has put US-based Ethereum ETF investors ahead of Bitcoin ETF owners.
“Purchase from the US-based Ethereum ETF is better than Bitcoin,” said Julio Moreno, head of research at Cryptoquant. Decryption. He cited high growth in Ethereum’s Bitcoin ETF holdings and spot trading ratio since April.
“In particular, the main reason is the growing institutional interest around digital assets trusts,” said DeLory Fong, head of flow trading at Amber Group. Decryption.
Bitcoin still leads Ethereum in its performance in the year, but the past month has been talking about something else. The second-largest code has skyrocketed 50% against Bitcoin over the past month, approaching six months’ height.
Ethereum domination can also be observed in growth rates via ETF influx. Spot Ethereum-based ETFs saw a record inflow of $2.18 billion. socal.
A closer look shows that the inflow of Bitcoin ETFs was nearly 45 times the inflow of Ethereum in April. However, the gap has shrunk to 1.6 times the amount on Tuesday.
“The short-term story lies in Ethereum,” says Shawn Dawson, head of research for the on-chain options platform. Decryption.
Dawson pointed to factors such as “Ethereum Treasury play like Light MicroStrategy” by Bitmine co-founder Tom Lee, and other publicly registered companies that have accumulated Ethereum as the leading driver of recent outperformance.
Fong reiterated the sentiment, adding that “strong capital flow” has “garnered attention from large players” due to transactions such as “merging Dynamix Corporation with etheric machines and SBET transactions.”
Clarity of regulations strengthened by Trump’s signature Genius Law The aforementioned development also created “giving Ethereum time to shine,” “giving shine time,” and “confluence,” Dawson said.
He concluded that “it’s unreasonable to expect Ethereum to rise past $8,000 by Christmas.”
