JPMorgan reported that ether spot ETFs have experienced approximately $500 million in net outflows since their launch, contrasting with bitcoin ETFs' $5 billion net inflows during the same period.
The unexpected outflows from Grayscale's Ethereum Trust reached $2.5 billion, surpassing JPMorgan's estimate of $1 billion, suggesting stronger than anticipated investor retreat from ether investment.
JPMorgan highlighted a growing interest among asset managers in developing combined ETFs offering exposure to both bitcoin and ether due to the weaker demand for ether.
The bank observed that despite the ether ETF's poor performance, retail ownership of bitcoin ETFs remained stable, indicating an ongoing preference for holding bitcoin.
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