According to Odaily, Galaxy Research recently posted on X that since their launch, the trading volume of Ethereum spot ETFs has been significantly lower than that of Bitcoin spot ETFs. Both are far below the ETH/BTC CEX trading volume and market cap ratio. Several factors contribute to this outcome, with the most important being that major trading platforms have not yet provided margin for ETH ETFs. To control some of these factors, such as the lack of margin availability, one can compare the performance of each product group over the first 25 days. During this period, the trading volume ratio of Ethereum ETFs to Bitcoin ETFs has continued to decline.