Ethereum

Future

Solana

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Ethereum (ETH) has seen a decrease in investor interest compared to Bitcoin (BTC) and Solana (SOL).</li>
 <li>Crypto hedge fund Split Capital predicts renewed interest in ETH from 2025.</li>
</ul>
<p>Ethereum (ETH) has been facing challenges in attracting investor interest in the current cycle due to high levels of fear, uncertainty, and doubt (FUD).</p>
<p>Zaheer Ebtikar of Split Capital, a crypto hedge fund, suggests that ETH is suffering from ‘middle child syndrome,’ leading to its lagging performance compared to other cryptocurrencies.</p>
<h2 id="investor-interest-in-eth-wanes">Investor Interest in ETH Wanes</h2>
<p>ETH’s year-to-date (YTD) return for investors has been a mere 8%, significantly lower than the double-digit returns seen in Bitcoin (BTC) and Solana (SOL).</p>
<p>Ebtikar attributes this underperformance to investors’ focus shifting towards BTC and other competitors of ETH, such as SOL and Sui (SUI).</p>
<p>In the crypto space, there are three primary sources of capital: institutional (via ETFs/futures), private capital (liquid funds, VCs), and retail. However, currently, only the first two are making a significant impact.</p>
<p>Ebtikar noted that institutional capital is primarily focused on BTC, with ETH ETFs seeing net negative flows of $546 million since their launch in July.</p>
<p>Private capital, on the other hand, perceives ETH as overvalued and is redirecting funds to other perceived undervalued ETH competitors like SOL, Celestia (TIA), and SUI.</p>
<h2 id="future-prospects-for-eth">Future Prospects for ETH</h2>
<p>Despite the current lack of interest, Ebtikar predicts that ETH could see a resurgence of interest, particularly from institutional investors, starting from 2025.</p>
<p>He believes potential catalysts for this renewed interest could be increased demand from ETF buyers, changes within the Ethereum Foundation, and political factors.</p>
<p>As of now, ETH is valued at $2.4k and has been trading between $2.3K and $2.5K since the start of October.</p>

Investor Preference Swings to SOL, BTC – Can Ethereum Recover by 2025?

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CoinEagle.com

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