Matrixport's latest report reveals a notable trend in the cryptocurrency market, with Ethereum ETFs attracting significant capital while Bitcoin ETFs experience outflows. Over the past six weeks, Ethereum products have consistently drawn investor interest, contrasting with Bitcoin ETFs, which saw net outflows for six consecutive days last week. This shift is attributed to Ethereum's treasury institutions and prominent investors, enhancing its market position and media visibility.
Despite dovish signals from Federal Reserve Chairman Powell, Bitcoin's performance has been subdued, highlighting the impact of this capital rotation. The report also notes an increasing focus on Ethereum by some Wall Street investors, further supporting its growing prominence in the market.
Ethereum ETFs Gain Momentum as Bitcoin ETFs Face Outflows
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