According to Cointelegraph, the U.S. investment advisory firm Two Prime announced it would abandon support for Ethereum (ETH) in favor of a single strategy focused on Bitcoin (BTC). Over the past 15 months, the company has provided $1.5 billion in loans on BTC and ETH.
Two Prime stated that the trading behavior and value proposition of ETH are no longer worth participating in. ETH has fallen 45% this year, and some optimists believe it may be nearing the bottom and could reverse the negative trend.
Two Prime believes that the trading behavior of ETH has become unpredictable, similar to meme coins, while Bitcoin has maintained fundamental behavior amidst turmoil in the first quarter of 2025.
The community's criticism of Two Prime was met with a swift response, with many believing this to be a bottom signal for ETH. The ETH ETF has underperformed, with BTC ETF purchases exceeding ETH by nearly 24 times.
