ChainCatcher news, according to Coindesk, Bernstein stated in a research report on Monday that Ethereum (ETH) has underperformed Bitcoin (BTC) this year, but the reversal of fund inflows into Ethereum ETFs may indicate that the period of underperformance could be coming to an end.

On Friday, BlackRock's spot Ethereum ETF saw inflows of $250 million, while its spot Bitcoin ETF only saw inflows of $137 million. This has created a favorable supply and demand dynamic for ETH.

Bernstein pointed out that staking yields could be another driving force for Ethereum. The initial Ethereum spot ETF did not include staking yields due to regulatory restrictions.