QCP Capital's analysis shows that Ethereum (ETH) has surpassed Bitcoin (BTC) in ETF inflows, indicating a shift of capital toward altcoins.
ETF Inflow Comparison Between Ethereum and Bitcoin
According to QCP Capital, over the past week, Ethereum has outperformed Bitcoin in ETF inflows. Despite Ethereum's market capitalization being considerably less than Bitcoin's, its smaller size leads to a larger response to capital inflows. This dynamic has resulted in ETH rallying while BTC maintains relative stability.
Futures Market and Volatility
The futures markets are also heating up—open interest is rising, with funding rates climbing above 15% on major exchanges. QCP sees this as a potential setup for short-term volatility. Some traders are taking profits in ETH, while others are loading up on protective BTC put options.
Bullish Sentiment in the Market
Despite this, prevailing sentiment remains bullish. Ethereum looks set to test the $4,000 level again, while Bitcoin eyes $120,000. According to QCP, pullbacks are perceived as buying opportunities rather than exit signals, especially by institutional players continuing to buy the dip.
Experts note that Ethereum is showing increasing investor interest, which may affect its market position in the near future.
