According to Odaily, Ethereum Exchange Traded Products (ETP) have outperformed Bitcoin ETP in the week leading up to the expected launch of the first Ethereum spot Exchange Traded Fund (ETF) in the United States on July 2nd. Data indicates that Ethereum ETP has seen a net inflow for four consecutive weeks, totaling 86,472 ETH, while Bitcoin ETP has experienced a net outflow of 12,523 BTC.
Matt Hougan, Chief Investment Officer at Bitwise, suggests that investors should consider diversifying their portfolios by adding Ethereum spot ETFs to capture more blockchain use cases. It is anticipated that eight companies, including BlackRock and Fidelity, will push for the final approval of the Ethereum spot ETF listing application.