According to a report from Matrixport on August 25, the cryptocurrency market is witnessing a rotation of funds from Bitcoin ETFs to Ethereum ETFs. Over the past six weeks, Ethereum products have consistently dominated the flow of funds, while Bitcoin ETFs have entered a phase of weakness, with net outflows occurring for six consecutive days last week.
At the same time, the Ethereum ETF continues to see net inflows, further solidifying its market leadership. The report points out that Ethereum treasury-type institutions and their well-known investors are continuously attracting new capital and media attention, injecting new momentum into the market.
It is worth noting that despite Federal Reserve Chairman Powell signaling a dovish stance last week, Bitcoin's performance remains flat, with significant effects from capital rotation. In addition to cryptocurrency market participants, some Wall Street investors are also beginning to show greater interest in Ethereum.
