According to CoinDesk, broker Bernstein said in a research note on Monday that Ethereum has underperformed Bitcoin so far this year, but that the inflow of funds into the Ethereum ETF has reversed, suggesting that this period of underperformance may be over.
BlackRock's spot Ethereum ETF saw inflows of $250 million on Friday, while its spot Bitcoin ETF only saw inflows of $137 million. This created a favorable supply and demand dynamic for ETH. Bernstein noted that staked earnings could be another driver for Ethereum. The original Ethereum spot ETF did not include staked earnings due to regulatory restrictions.
Bernstein: Net inflows into Ethereum spot ETFs could push ETH to outperform the market
2024-12-02 10:35:31
Coindesk report brokerage dealer Bernstein Monday research report saysdesk3cryptocurrencydesktopCrypto News
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