Odaily Planet Daily News JPMorgan Chase said in a research report on Wednesday that Ethereum spot exchange-traded funds have generally seen net outflows since their launch last month, while spot Bitcoin ETFs launched earlier this year have been more successful. Ethereum funds had net outflows of about $500 million, while Bitcoin ETFs had net inflows of more than $5 billion. The bank said the weak data for Ethereum ETFs was somewhat expected, noting that Bitcoin's "first-mover advantage," lack of collateral, and lower liquidity meant it was less attractive to institutional investors.