Bitcoin ETFs Vs Ethereum ETFs: Why Does ETH Keep Underperforming?
Posted On October 28, 2024
CryptoQuant analyst Maartunn has flagged a notable divergence between Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs, advising a cautious stance towards the latter.
What Happened: Maartunn took to X to highlight the difference in netflows between Bitcoin and Ethereum ETFs. Bitcoin ETFs have enjoyed initial investor interest, whereas Ethereum ETFs have experienced outflows and a lack of substantial inflows.
The analyst remarked, “Ethereum’s price remains down 55% from its recent high and is still declining.” He noted that without a significant price drop or large ETF inflows, he would avoid investing in …
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