Ethereum News: Investment Manager Says Market Views ETH as 'More Risky' Than BTC
Ether dropped below $3,100 as an investment manager noted ETH ETFs saw higher capital outflows than BTC ETFs.Summary
Ether (ETH) traded below $3,100 on Sunday, marking its first dip below that level since November 4th. Timothy Peterson, an investment manager at Cane Island Alternative Advisors, highlighted that spot ether ETFs experienced net outflows totaling roughly 7% of their cost-basis capital over the past five weeks. In contrast, bitcoin ETFs saw only about 4% withdrawn during the same period. Peterson interprets this larger proportional outflow from ETH funds as evidence that investors currently perceive ether as the riskier asset compared to bitcoin. Cost-basis capital reflects the initial money invested, and its erosion suggests a decline in conviction among established holders. Traders are now watching future flow data and price action to see if this sentiment gap persists.
(Source：CoinDesk)