JPMorgan sees Ethereum as a standout against Bitcoin

In recent days, the crypto market has undergone a significant correction. Bitcoin ($BTC ), which had reached a new record of $124,000, dropped to $112,000, while Ethereum ($ETH ) fell from $4,800 to around $4,000.

Despite the decline, optimism regarding a new historical peak for Ethereum ($ETH ) remains. A recent report from JPMorgan highlighted that the growing interest from spot ETFs and corporate treasuries could support the valuation of the second-largest cryptocurrency in the market.

According to the bank's analysts, Ethereum (#Ethereum ) has performed better than Bitcoin in this cycle, especially due to the robust inflow into spot ETFs of Ethereum (#ETH ).

Only in July, these funds received around $5.4 billion, a value similar to that recorded by Bitcoin (#BTC ) ETFs. The difference is that, while BTC-linked products have recorded moderate outflows since then, ETH funds continue to attract capital.

Another relevant point is the positive signaling from the SEC, which recently stated that liquid staking should not be classified as a security.

For JPMorgan, this reduces regulatory barriers and increases institutional confidence.

Additionally, the approval of in-kind redemptions for Ethereum (@Ethereum ) ETFs should lower operational costs, enhance liquidity, and further strengthen ETH's position relative to BTC.

In summary, the bank believes that demand from companies and ETFs will continue to grow, making Ethereum an increasingly competitive asset in the crypto landscape.

World News (@Ethereum ) (#ETHInstitutionalFlows )