Bernstein: Net inflows into Ethereum spot ETFs could drive ETH to outperform the market.
According to CoinDesk, brokerage Bernstein said in a research report on Monday that Ethereum has underperformed Bitcoin this year, but inflows into Ethereum ETFs have reversed, possibly indicating that the period of underperformance may be over. On Friday, inflows into BlackRock’s Ethereum spot ETF reached $250 million, while Bitcoin spot ETFs saw inflows of just $137 million. This creates a supply and demand dynamic that is favorable for ETH. Bernstein pointed out that staking returns could be another driving force for Ethereum. Initial Ethereum spot ETFs do not include staking returns due to regulatory restrictions.