Coinbase’s head of crypto research, David Duong, recently released a report stating that Ethereum (ETH) “underperformance” against Bitcoin (BTC) is due to a lack of a strong narrative and insufficient investment in the asset. The report suggests the need for a new catalyst to draw investors and developers back to ETH. While an ETH spot ETF could potentially be this catalyst, institutional interest remains stronger for BTC-based products. ---

#ETH