TechFlow news, November 6 — According to The Block, Ethereum's market capitalization ratio to Bitcoin has dropped to 24.52%, a significant decline from 32.7% at the beginning of 2024, marking the lowest level since April 2021.
Data shows that traditional financial institutions clearly favor Bitcoin, with Bitcoin ETFs such as IBIT attracting substantial capital inflows, while Ethereum-based ETF products receive relatively less attention. Analysts suggest that Bitcoin’s straightforward value proposition as "digital gold" is easier for institutional investors to understand and accept compared to Ethereum’s more complex role in decentralized computing and finance.
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