According to The Block analysts, the ratio of capitalization of ether and bitcoin dropped to 24.52% – this is the lowest figure since 2021. At the beginning of 2024, the figure was more than 32%.

Analysts highlighted that total inflows into spot Bitcoin exchange-traded funds (ETFs) exceeded $23 billion, while inflows into Ethereum ETFs remained negative (-$554 million).

According to experts, the perception of Bitcoin as digital gold makes the first cryptocurrency more understandable for investment funds and traders, compared to the technically more complex ether.

“Although Ethereum’s technological capabilities and ecosystem are more diverse, this complexity may make it difficult to embrace in traditional finance, where clearly defined strategies and assets are favored. Therefore, the inflow of funds into the ecosystem remains in a negative range, but in the future the situation may change for the better,” the analysts said.

Experts expect that as Bitcoin continues to be adopted by classical financial funds and organizations, interest and investment in Ether will also resume.

Previously, 21Shares experts said that Ethereum is similar to Amazon in the early 90s. Like Amazon, which disrupted entire industries, Ethereum could surprise the market with its various use cases, analysts say.