Ethereum

United

Bitcoin ETF

Bitcoin

Foundation

<p>As the battle for supremacy between Bitcoin (BTC) and Ethereum (ETH) continues to dominate discussions within the crypto community, a new element is changing the game. Analyst Leon WAIDMANN of the Onchain Foundation revealed that Ethereum could have greater growth potential than Bitcoin in the context of transitioning to spot ETFs (Exchange-Traded Funds). This analysis is based on data from Grayscale’s products, a leader in crypto management, which recently converted its trusts into ETF.</p>
<h2 id="h-ethereum-vs-bitcoin-a-favorable-dynamic-for-eth">Ethereum vs Bitcoin : a favorable dynamic for ETH</h2>
<p>Since Grayscale’s investment products were converted into <a href="https://www.cointribune.com/en/bitcoin-we-tell-you-everything-about-etfs/" target="_blank" rel="noopener noreferrer nofollow">ETF</a>, Ethereum seems to be on a more promising trajectory than Bitcoin. Leon WAIDMANN, Head of Research at Onchain Foundation, <a href="https://x.com/LeonWaidmann/status/1839712753851724170?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1839712753851724170%7Ctwgr%5E5b010cdc7fc8fb3cd70d83a3307dedbdbe5e02fc%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fethereum-vs-bitcoin-much-more-upside-for-eth-ahead-analyst-says" target="_blank" rel="noopener noreferrer nofollow">states</a> that “over the first 50 days of tracking flows, Ethereum is losing liquidity much more slowly than its counterpart Bitcoin.” This observation is based on the analysis of ETF outflows, where ETH shows better resistance. Thus, while Bitcoin-based products suffer larger withdrawals, those based on Ethereum show much more limited losses.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>These data are crucial as they illustrate a shift in the dynamics of institutional investors. According to WAIDMANN, this better performance of Ethereum could pave the way for a more significant “upside potential,” provided that the observed trend continues. This perspective comes in a context where both cryptos, despite being market leaders, see their trajectories diverge following the introduction of ETFs in the United States.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="bitcoin-inflows-and-mixed-signals-for-ethereum">Bitcoin inflows and mixed signals for Ethereum</h2>
<p>Meanwhile, Bitcoin also shows signs of robustness. According to some data, Bitcoin ETF have recorded positive inflows over the past seven days, with more than $1.35 billion in assets under management during the past week. “Yesterday, we witnessed the most productive day for Bitcoin ETFs since mid-July, with almost $0.5 billion added in a single day,” highlights Leon WAIDMANN.</p>
<p>However, for Ethereum, the signals are more mixed. Although ETH registered five positive days over the past week, it also experienced two days of net outflows. The total inflows for Ethereum during this period amount to $93.2 million, far from Bitcoin’s positive figures. This fluctuation shows that despite solid fundamentals, Ethereum’s volatility could temper investor enthusiasm in the short term.</p>
<p><em>The competition between Bitcoin and Ethereum to attract investment flows seems to be intensifying, as each asset presents its own advantages and challenges. While <a href="https://www.cointribune.com/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> appears to have greater upside potential due to better liquidity resilience, Bitcoin continues to attract massive investment volumes, which consolidates its position as a reference asset.</em></p>

Ethereum is more resilient than Bitcoin !

Table of Contents

Cointribune EN

Other articles published on Sep 28, 2024

Sui Coin Traders Switch to Bitgert Ahead of Potential Price Growth

Hamster Kombat Price Prediction: HMSTR Bounces Back With 4% Pump As Experts Say Consider This Pre...

What is Strike and How to Use It

XRP to $31? Analyst Unveils Bullish Secret Behind the 8’s

Last Chance To Buy Mega Dice Before Presale Ends In 32 Hours – Over $1.9M Raised

Crypto Trader Turns $1,331 into $12.45 Million through Strategic Investment

Join our free newsletter for daily crypto updates!