Ethereum will benefit from the Pectra upgrade that will be launched on April 8.
Key facts:
ETH funds absorbed over 300 million in February.
Despite the rise in ETFs, the price of ETH shows no signs of bullish prospects.
Ethereum ETFs attracted more investments in February, a move that has even been higher than the purchases of shares in Bitcoin funds.
A marked preference has been noted for financial instruments connected to the second cryptocurrency in the market. But despite this strong injection of resources, the price of the token has not increased.
In the first 18 days of the month, Ethereum ETFs listed on U.S. stock markets received around 393 million. In contrast, instruments based on BTC have gone the opposite way. Specialized companies have reported an outflow of 376 million dollars in the same period.
The most obvious conclusion is that investor sentiment regarding ETH is bullish, while for the leading cryptocurrency it is bearish. This does not mean they are sensing a strong drop in Bitcoin, but rather that there is more confidence in an upward push in the second digital asset in the market.
