Ethereum ETFs Remain Dormant as Bitcoin Attracts Institutional Investors

Despite a rebound in the crypto market, institutional investors continue to favor Bitcoin over Ethereum. BlackRock’s IBIT product witnessed substantial inflows of $81 million alone, highlighting increased interest in the asset class. This contrasts starkly with Ethereum, which remains stagnant as its ETF applications remain unapproved and without significant momentum. Experts suggest that this lack of traction stems from Ethereum lacking a compelling growth catalyst while Bitcoin continues to be viewed as digital gold by Wall Street. Whether the broader market recovers will not necessarily unlock an opportunity for Ethereum ETFs to finally gain traction.