TechFlow, August 25 — According to Matrixport's latest report, the cryptocurrency market is witnessing a capital rotation from Bitcoin ETFs to Ethereum ETFs. Over the past six weeks, Ethereum-based products have consistently dominated fund flows, while Bitcoin ETFs have entered a phase of weakness, experiencing net outflows for six consecutive days last week.
Meanwhile, Ethereum ETFs have continued their trend of net inflows, further solidifying their leading market position. The report highlights that treasury-backed institutions around Ethereum and their prominent investment backers are continuously attracting new capital and media attention, injecting fresh momentum into the market.
Notably, despite Federal Reserve Chair Powell's dovish signals released last week, Bitcoin’s price action remained flat, underscoring the significant impact of this capital rotation. Beyond crypto-native investors, some Wall Street participants have also begun showing heightened interest in Ethereum.
