Bitcoin Loses Steam As Institutional Investors Shift Focus To Ethereum

Bitcoin Loses Steam As Institutional Investors Shift Focus To Ethereum

Ethereum is gaining favor over bitcoin in the eyes of institutional investors. The price of the latter has been seen as being too high, prompting investors to look for other crypto investment options to gain exposure from. The expanding real-world use cases of Ethereum have also helped to further its case as the preferred crypto […]

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Institutional Investors FOMO For Ethereum Exposure

Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near. Thus, institutional investors are clamoring to get in on the action before it is too late. A signal for this has been ETH Futures have been trading at a higher basis premium than BTC Futures on CME. ETH Futures have continuously traded at a higher rolling basis than BTC Futures for the past three months. This could show that institutional investors are more bullish on ETH’s future in comparison to BTC. But other factors have also led to the ETH Futures trading so high. Related Reading | Ethereum Fee Burns Clocks....