Matrixport Report: Funds Shift from Bitcoin ETF to Ethereum ETF, the Latter Takes the Lead

According to news from HashKey, the Matrixport report indicates that funds are shifting from Bitcoin ETFs to Ethereum ETFs. Over the past six weeks, Ethereum products have consistently attracted inflows, while Bitcoin ETFs have been sluggish, experiencing net outflows for six consecutive days last week. The Ethereum ETF chart shows continuous net inflows, further strengthening its market leadership position. Meanwhile, Ethereum's institutions and well-known investors behind it continue to attract new capital and media attention, injecting new vitality into the market. Despite Federal Reserve Chairman Powell sending dovish signals last week, Bitcoin's performance remains subdued, with clear effects of capital rotation. Not only crypto market participants but some Wall Street investors are also beginning to show more interest in Ethereum.