CoinVoice has learned that according to today's chart from Matrixport, the cryptocurrency market is undergoing a capital rotation from Bitcoin ETFs to Ethereum ETFs. Over the past six weeks, Ethereum products have consistently dominated capital flows, while Bitcoin ETFs have experienced a phase of weakness, with net outflows for six consecutive days last week. Meanwhile, Ethereum ETFs continue to see net inflows, further solidifying their 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 noteworthy that despite Fed Chairman Powell signaling a dovish stance last week, Bitcoin's performance remains tepid, and the impact of capital rotation is quite significant. In addition to cryptocurrency market participants, some Wall Street investors have also started to show greater interest in Ethereum. [Original link]
