Key Takeaways
- The ETH/BTC ratio has fallen to its lowest level since April 2021.
- Bitcoin ETFs have seen $17 billion in inflows, while ether ETFs faced $580 million in outflows.
- Analysts suggest the ETH/BTC ratio may fall to 0.02-0.03 without improved sentiment.
The ETH/BTC ratio has dropped to 0.039, its lowest since April 2021. This reflects reduced investor demand for ether relative to bitcoin.
Over the past five years, the ratio surged from 0.02 to over 0.08 but has steadily declined since 2022.
As of Monday, ether has dropped 30% year-to-date against bitcoin, which has returned over 40%.
Spot ETFs
Bitcoin’s appeal has been boosted by spot ETFs, which recorded over $17 billion in net inflows, while ether ETFs faced $580 million in outflows. Analysts, like FxPro’s Alex Kuptsikevich, attribute this to the stronger demand for bitcoin and its ETFs.
Kuptsikevich noted:
The launch of ETFs on Ethereum has neither attracted similar buying interest…nor reversed this downward trend.
Experts predict the ratio may fall further to the 0.02-0.03 range unless investor sentiment or regulatory conditions shift to favor riskier assets like ether.
