đ¨ The Ethereum ETF Gap: A Setup for a Big Move?
The ETH ETF is finally showing signs of life:
⢠Net flows have turned positive, totaling $469M.
⢠But this represents just 1.7% of Bitcoinâs ETF net flows.
That gap feels unsustainable. Why? Letâs break it down đ
Ethereumâs fundamentals are too strong to ignore. Compared to Bitcoin, Ethereum:
1ď¸âŁ Has 20% of Bitcoinâs market value today.
2ď¸âŁ Boasts 2x Bitcoinâs on-chain users.
3ď¸âŁ Is a hub for institutions building âon topâ of it.
4ď¸âŁ Provides greater capital efficiency through its utility.
5ď¸âŁ Offers yield to token holders.
In the last cycle:
⢠Bitcoin broke its all-time high in Q4 2020.
⢠Ethereum followed in Q1 2021, rallying 5.4x in the first 4 months of the year.
Todayâs ETF flows and Ethereumâs position feel familiar. Could we see a similar delayed but explosive move?
The ETH ETF is the Catalyst
The ETF narrative is just beginning for Ethereum. With such a wide gap in net flows compared to Bitcoin, a shift feels inevitable.
Are we setting up for ETHâs next major breakout? Let me know your thoughts! đ