Global Ethereum ETPs outperformed Bitcoin ETPs in the past week

Global Ethereum exchange-traded products (ETPs) outperformed Bitcoin ETPs in the past week ahead of the expected launch of the first Ethereum spot ETF in the United States on July 2. Data shows that Ethereum ETPs have had net inflows for four consecutive weeks, totaling 86,472 ETH, while Bitcoin ETPs have had net outflows of 12,523 BTC. Bitwise Chief Investment Officer Matt Hougan pointed out that investors should consider diversifying their allocations and adding Ethereum spot ETFs to capture more blockchain use cases. It is expected that eight companies, including BlackRock and Fidelity, will push the listing application of Ethereum spot ETFs through final approval.

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