ChainCatcher message, according to Matrixport's chart today, the cryptocurrency market is witnessing a fund rotation from Bitcoin ETFs to Ethereum ETFs. Over the past six weeks, Ethereum products have consistently dominated fund flows, while Bitcoin ETFs have entered a phase of weakness, experiencing net outflows for six consecutive days last week. Meanwhile, Ethereum ETFs have continued to see net inflows, further consolidating their market-leading position.
The report points out that Ethereum treasury-type institutions and their well-known backers are continuously attracting new capital and media attention, injecting new momentum into the market. It is noteworthy that despite Federal Reserve Chairman Powell signaling a dovish stance last week, Bitcoin's performance remained subdued, with the impact of fund rotation being quite significant. In addition to cryptocurrency market participants, some Wall Street investors are also beginning to show greater interest in Ethereum.
