Ethereum ETFs are not currently seeing investor inflows. In contrast, spot Bitcoin ETFs attracted a net inflow of $108 million.
BlackRock’s IBIT ETF drove Bitcoin ETF gains, receiving $80.96 million.
Conversely, the nine-spot Ethereum ETF collectively recorded zero net inflows.
Ethereum ETFs Fail to Attract Capital
This observation highlights a distinct difference in investor engagement between Ethereum and Bitcoin investment products.
Bitcoin Products Maintain Institutional Preference
Despite market recovery signs, Ethereum remains less favored by investors.
Companies including Fidelity, VanEck, and Grayscale are still seeing capital directed toward Bitcoin-related products.
Although Ethereum is the second largest cryptocurrency, current institutional investment interest is stronger in Bitcoin.
Ethereum Price Trend Mirrors ETF Stagnation
The inactivity of Ethereum ETFs is reflected in Ethereum’s price action.
Ethereum is currently trading within a descending wedge pattern, attempting to find stability around $1,580.
However, it has not demonstrated significant potential for upward price movement.
Ethereum’s continued bearish trend is evidenced by its price remaining below the 50, 100, and 200 EMAs (at $1,800, $2,267, and $2,568).
Decreasing Volume and RSI Signal Limited Momentum
Ethereum’s trading volume is decreasing, indicating reduced participation from both institutions and individual traders.
The RSI for Ethereum remains near oversold territory, without showing strong reversal signals, and weak attempts to rally are consistently met with selling pressure.
Bitcoin is capturing investor attention and capital, while Ethereum is experiencing stagnation with zero ETF inflows and limited buying interest in spot markets.
Future Catalysts Needed for Ethereum to Gain Momentum
Unless a significant positive development occurs, Ethereum could continue to underperform Bitcoin.
Potential catalysts for Ethereum include approval for ETF staking or positive changes in regulations.
Without such catalysts, Ethereum ETFs and the spot market may experience ongoing stagnation.
Also Read: Ethereum Market Share Slips to a 5-Year Low
