Despite a strong rebound in Bitcoin prices, many are questioning why Ethereum has not experienced a similar magnitude of rebound. One answer lies in the comparison of ETF flows, which we normalize and adjust based on the relative spot trading volume of each asset.
In the past two weeks, Bitcoin ETFs have seen two distinct waves of inflows, each exceeding 10% of BTC spot trading volume, highlighting a relatively strong institutional demand situation.
In contrast, the inflows for Ethereum ETFs remain quite sluggish, with inflows accounting for less than 1% of ETH spot trading volume. This stark difference highlights the disparity in institutional demand between the two assets, which may be one reason why ETH has continued to lag behind BTC in recent performance.
