Bernstein: Ethereum spot ETF net inflows may drive ETH to outperform the market
According to CoinDesk, brokerage firm Bernstein stated in a research report on Monday that Ethereum's performance this year has been inferior to Bitcoin, but the reversal of funds in Ethereum ETFs may indicate that this period of poor performance may be over.
On Friday, BlackRock's spot Ethereum ETF saw a fund inflow of $250 million, while its spot Bitcoin ETF only saw a fund inflow of $137 million. This creates a favorable supply and demand dynamic for ETH. Bernstein points out that staking rewards may be another driving force for Ethereum. The initial Ethereum spot ETF did not include staking rewards due to regulatory restrictions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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