According to Cointelegraph, the American investment advisory firm Two Prime announced it will abandon support for Ethereum (ETH) in favor of a single strategy focused on Bitcoin (BTC). Over the past 15 months, the company has provided $1.5 billion in loans on BTC and ETH.
Two Prime stated that the trading behavior and value proposition of ETH is no longer worth participating in. ETH has fallen 45% this year, and some optimists believe it may be close to the bottom and could reverse the negative trend.
Two Prime believes that ETH's trading behavior has become unpredictable, similar to meme coins, while Bitcoin has maintained fundamental behavior amidst the turmoil in the first quarter of 2025.
The community's criticism of Two Prime was swiftly responded to, with many believing this is a bottom signal for ETH. The ETH ETF has performed poorly, with BTC ETF purchases exceeding ETH by nearly 24 times.
