According to a report by CoinDesk, broker Bernstein stated in a research report on Monday that Ethereum's performance this year has lagged behind Bitcoin, but the influx of funds into Ethereum ETFs has reversed, which may indicate that this underperformance period could be coming to an end.

On Friday, BlackRock's spot Ethereum ETF saw an inflow of $250 million, while its spot Bitcoin ETF only saw an inflow of $137 million. This has created a favorable supply-demand dynamic for ETH. Bernstein pointed out that staking yields could be another driver for Ethereum. The initial spot Ethereum ETF did not include staking yields due to regulatory restrictions.