Recently, a noticeable split has emerged among investors between Bitcoin and Ethereum, driven by changes in market conditions and expectations for interest rate alterations.
ETF Market and Institutional Investment
Amid expectations for the Fed's interest rate decision, data shows significant capital flows into ETFs. Over the past ten days, spot Bitcoin funds recorded net inflows of $1.39 billion, while spot Ethereum funds experienced an outflow of $668 million.
Ethereum Futures
The trading volume for Ethereum futures reached $49.4 billion in the last 24 hours, surpassing Bitcoin's trading volume of $42.9 billion. This indicates a growing interest in Ethereum given the anticipated shifts in the market.
Expert Opinion
According to Stephen Gregory, founder of the Vtrader platform, this divergence between the two largest cryptocurrencies is typical under the circumstances of a potential rate cut. He also mentioned an expected uptrend in the third quarter, led by altcoins. > "I think we will close the third quarter with an uptrend led by altcoins." CITE_W_A
In the current scenario, driven by expectations for changes in Fed interest rates, investors continue to split between Bitcoin and Ethereum, creating varied dynamics in the market.
