On Monday, spot Bitcoin ETFs recorded $170 million in net inflows while Ether ETFs lost $11.4 million on the same day. This divergence between the two products highlights a marked preference among institutional investors for Bitcoin over Ether. Major issuers such as BlackRock, Fidelity, and Grayscale dominate the crypto ETF market, with their Bitcoin products attracting more capital than their Ether counterparts. Ether ETFs have proven more sensitive to macroeconomic conditions and cryptocurrency price volatility. This divergence suggests that Bitcoin and Ether are attracting different investor profiles and should not be viewed as a single asset class.
Source: Read the original article
