Investors in spot Ethereum exchange-traded funds (ETFs) are currently navigating more turbulent waters compared to their Bitcoin counterparts. Recent market data indicates that ETH ETF holders are in a significantly ‘worse position’ as the broader cryptocurrency market searches for a definitive floor. While Bitcoin ETFs, launched in January, benefited from a massive price surge that provided a substantial profit cushion for early participants, Ethereum ETFs debuted in late July during a period of heightened volatility and bearish sentiment. Consequently, many ETH ETF investors are currently underwater, facing immediate losses. Furthermore, the persistent outflows from the Grayscale Ethereum Trust (ETHE) continue to exert downward pressure on the price, a hurdle that Bitcoin has largely cleared. As market analysts look for signs of a bottom, the lack of staking rewards within the ETF structure further diminishes the relative appeal of Ethereum for institutional investors who could otherwise earn yield by holding the native asset. Until the macro environment stabilizes and Ethereum clarifies its value proposition relative to Bitcoin, the holders of these new financial products may continue to face a steeper uphill battle.
Source: ETH ETF holders in ‘worse position’ than BTC ETF peers as crypto market looks for bottom
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