Global Ethereum ETPs outperformed Bitcoin ETPs in the past week

According to Mars Finance, the global Ethereum exchange-traded product (ETP) outperformed the Bitcoin ETP in the past week before the first Ethereum spot ETF in the United States is expected to be launched on July 2. Data shows that Ethereum ETP has had net inflows for four consecutive weeks, totaling 86,472 ETH, while Bitcoin ETP has had a net outflow of 12,523 BTC. Bitwise Chief Investment Officer Matt Hougan pointed out that investors should consider diversifying their allocations and adding Ethereum spot ETFs to capture more blockchain use cases. It is expected that eight companies including BlackRock and Fidelity will push the listing application of Ethereum spot ETFs through final approval. (TheBlock)