Ethereum ETF Inflows Surge as Bernstein Indicates Potential Reversal in ETH Underperformance

According to a recent report by CoinDesk, brokerage firm Bernstein has highlighted a significant shift in the crypto market dynamics as of December 2nd. While Ethereum (ETH) has underperformed in comparison to Bitcoin (BTC) this year, recent trends show a positive turnaround in Ethereum ETF inflows. Specifically, BlackRock’s spot Ethereum ETF experienced a notable surge, attracting $250 million in inflows last Friday, contrasted with just $137 million for its Bitcoin counterpart. This shift is poised to enhance the supply-demand dynamics for ETH considerably. Additionally, Bernstein identified potential staking rewards as a catalyst for Ethereum’s recovery. Notably, the initial launch of the Ethereum spot ETF did not account for staking rewards due to existing regulatory constraints, which could be revisited as market conditions evolve.