Institutional investors are increasingly favoring Ethereum (ETH) over Bitcoin (BTC), as evidenced by recent derivatives market data. The Deribit options market shows a higher price for ETH call options compared to put options, signaling investor expectations of a price rise. Additionally, CME data reveals that open interest in ETH futures is growing at a faster rate than BTC, indicating a shift of funds into ETH derivatives. Further supporting this trend, Velo data reports that the annualized premium for ETH one-month futures has reached 10.5%, the highest this year, compared to BTC's 8.74% for the same period. Despite ETH's 20% decline year-to-date, these indicators suggest a bullish outlook among institutional investors for Ethereum's future performance.