šØ 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 Bitcoinās ETF net flows.
That gap feels unsustainable. Why? Letās break it down š
Ethereumās fundamentals are too strong to ignore. Compared to Bitcoin, Ethereum:
1ļøā£ Has 20% of Bitcoinās market value today.
2ļøā£ Boasts 2x Bitcoinās on-chain users.
3ļøā£ Is a hub for institutions building āon topā of it.
4ļøā£ Provides greater capital efficiency through its utility.
5ļøā£ 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.
Todayās ETF flows and Ethereumās 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 ETHās next major breakout? Let me know your thoughts! š