Glassnode, a prominent market company, has recently highlighted that Ethereum (ETH) is lagging behind Bitcoin (BTC) due to a lack of investor interest in ETH compared to BTC. Specifically, Glassnode's analysis indicates that the surge in investor interest that led Bitcoin to reach all-time highs has not been seen for Ethereum.

Analysts attribute the surge in Bitcoin purchases over the past 155 days to the approval of spot Bitcoin exchange-traded funds (ETFs). This surge has led to a significant increase in speculative activities, particularly among short-term holders, with the wealth held in BTC approaching $240 billion near all-time highs. However, this trend has not been observed for Ethereum, which has not surpassed its 2021 all-time high.

The Realized Cap metric reveals the price at which each coin is transacted, indicating the profit or loss status of coin owners. While Bitcoin's Realized Cap is similar to levels seen in previous bull runs, Ethereum's Realized Cap remains low, suggesting a lack of new capital inflows for ETH compared to BTC.

Looking ahead, discussions are ongoing regarding the potential approval of spot Ethereum ETFs following the SEC's decision on May 23. Approval of these applications could lead to a significant capital inflow for Ethereum, similar to the impact seen with Bitcoin.

In terms of current prices, Bitcoin is trading at $62,455 with a market cap exceeding $1.23 trillion, reflecting a positive market outlook. Ethereum, on the other hand, is trading above $3,021 with a market cap of $362 billion, experiencing a 2% increase after momentarily dropping below $3,000.

This information was originally published on COINTURK NEWS.