Odaily Planet Daily News Delta Exchange CEO and co-founder Pankaj Balani said in an email: "The market has digested the news of the listing of the Ethereum spot ETF, as ETH/BTC has been in a downward trend since the announcement in May. The market expects that the inflow of the Ethereum spot ETF will be less than that of the Bitcoin spot ETF." ETH's performance this year has lagged behind BTC as the gas fee of the ETH L1 blockchain remains at an annual low and activity has shifted to Ethereum L2 and Solana. Bitcoin's performance remains strong and continues to dominate the market. 📉📈 (Source: CoinDesk)