TechFlow News — Bobby Zagotta, CEO of Bitstamp Americas, said at the TOKEN2049 conference that Ethereum ETFs might have performed better if they had been launched alongside Bitcoin ETFs in January this year.
Data shows that Bitcoin ETFs recorded a net inflow of $17.5 billion over eight months, while Ethereum ETFs saw over $600 million in net outflows within two months. Zagotta attributed this primarily to the current market environment, with investors adopting a wait-and-see stance due to factors such as elections and regulatory developments.
He noted that Ethereum is facing unprecedented competition, with alternative platforms like Solana gaining attention. Nonetheless, Zagotta expressed cautious optimism about the market outlook by year-end, expecting a "real price movement" in the fourth quarter, including for altcoins.
