Two key narratives dominated crypto headlines in 2024: Bitcoin’s meteoric rise, driven by the launch of a Bitcoin ETF and record inflows, and Solana’s rise to retail darling, driven by meme coin speculation.

This has left Ethereum — the world’s second-largest crypto asset — largely overlooked. Sure, its 66% year-to-date return is decent in absolute terms, but pales in comparison to Solana’s 106% and Bitcoin’s 130%.

But something interesting has happened recently: Over the past 10 days, investors have become interested in Ethereum again.

You can see this clearly in spot Ethereum ETFs, which have attracted a whopping $2 billion in net inflows during this time. By comparison, the same ETFs saw just $250 million in net inflows in the first four months. $SOL