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Bernstein: Net inflows into Ethereum spot ETFs may push ETH to outperform the market
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2024-12-02 19:03:01 5,123
Golden Finance reported that according to CoinDesk, broker Bernstein said in a research report on Monday that Ethereum has underperformed Bitcoin this year, but the reversal of capital inflows into the Ethereum ETF may indicate this underperformance. The period may have ended. BlackRock’s spot Ethereum ETF saw inflows of $250 million on Friday, while its spot Bitcoin ETF saw only $137 million. This creates favorable supply and demand dynamics for ETH. Bernstein noted that staking returns could be another driver for Ethereum. The original Ethereum spot ETF did not include staking returns due to regulatory restrictions.
Keywords: Bitcoin
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