Ethereum ETP Tops #Bitcoin ETP Ahead of US Spot ETF Launch

According to Odaily, #Ethereum exchange-traded products (ETPs) outperformed Bitcoin ETPs in the week leading up to the expected launch of the first Ethereum spot exchange-traded fund (ETF) in the United States on July 2. The data indicates that the Ethereum ETP has seen a net inflow for four consecutive weeks, totaling 86,472 ETH, while the Bitcoin ETP has seen 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. Eight firms, including BlackRock and Fidelity, are expected to push for final approval of the Ethereum Spot ETF listing application.$ETH $BTC