Bitcoin ETFs are drawing substantial investor interest, with funds continuing to flow in steadily.

In contrast, the launch of Ethereum ETFs hasn’t seen the same enthusiasm, facing significant outflows in the initial days without substantial inflows since.

This discrepancy is impacting Ethereum’s performance, as ETH remains 55% below its recent high and continues to struggle relative to Bitcoin. The MVRV ratio for ETH stands at 1.25, nearing a critical level that suggests investors may be on edge.

Ethereum’s recent drop in activity has also impacted its standing among the top protocols by daily fees, as it slipped to 6th place, generating $2.07 million in fees over the last 24 hours.

This decline reflects Ethereum’s challenge in maintaining traction amid fluctuating investor sentiment.

However, there are some bullish signs in Ethereum’s fundamentals. Analyst Ali Martinez reported that more than 300,000 ETH—valued at roughly $750 million—were withdrawn from exchanges over the past week. This could signal reduced sell pressure as investors move their holdings to private wallets, potentially holding out for future gains.

Ethereum Spot ETFs Recorded Positive Feedback Last Week

In addition, Ethereum spot ETFs did see some positive movement last week, with a net inflow of $78.89 million. Although modest compared to Bitcoin ETF inflows, this increase shows there’s still institutional interest in Ethereum’s long-term potential, despite current market challenges.

While Ethereum’s price struggles relative to Bitcoin, these mixed signals highlight a complex environment. The contrasting momentum between Bitcoin and Ethereum ETFs may continue to impact ETH’s price in the near term, yet ongoing withdrawals and spot ETF inflows reflect underlying investor interest that could set the stage for future stability and growth.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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