Bernstein: The net inflow of Ethereum spot ETFs may drive ETH's performance to surpass other cryptocurrencies
ChainCatcher news, according to Coindesk, Bernstein stated in a research report on Monday that Ethereum (ETH) has underperformed Bitcoin (BTC) so far this year, but the reversal in fund inflows for Ethereum ETFs may indicate that this period of underperformance could be coming to an end.
On Friday, BlackRock's spot Ethereum ETF saw inflows of $250 million, while its spot Bitcoin ETF only had inflows of $137 million. This has created a favorable supply-demand dynamic for ETH.
Bernstein noted that staking yields could be another driver for Ethereum. The initial spot Ethereum ETFs did not include staking yields due to regulatory restrictions.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
