The spot Ethereum ETFs have started trading after receiving approval from the SEC a few months ago. However, the initial reaction from the market has been less enthusiastic compared to the response seen during the launch of Bitcoin ETFs. This has resulted in substantial outflows for Ethereum ETFs.
Market analysts are trying to understand the reasons behind this difference in reception. Some speculate that investor confidence in Bitcoin's stability and long-term value might be higher, causing a preference for Bitcoin ETFs over Ethereum.
Ethreum's volatility and different use-cases compared to Bitcoin could also be contributing factors. This underwhelming launch poses questions about future investor behavior and market strategies for Ethereum-based financial products.