Related Reading: Ethereum Faces Sell-Off Risk’ If It Loses $2,300 Resistance – Analyst The asset they chose to reduce exposure to was Ethereum—the largest asset in their core portfolios.“Slowly but surely ETH started losing steam to SOL and similar, and a non-trivial percentage of this flow started really moving downstream to memecoins,” Ebtikar observed.“ETH lost its moat in crypto-savvy investors, the only group of investors who were historically interested in buying.” Even with the introduction of spot ETH ETFs, institutional capital paid little attention to Ethereum.
Ebtikar described Ethereum’s predicament as suffering from “middle-child syndrome.” He elaborated, “The asset is not in vogue with institutional investors, the asset lost favor in crypto private capital circles, and retail is nowhere to be seen bidding anything at this size.” He emphasized that Ethereum is too large for native capital to support while other index assets like SOL and large caps like TIA, TAO, and SUI are capturing investor attention.
Additionally, he highlighted the importance of marketing the ETH ETF by traditional asset managers to attract institutional capital.“Considering the possibility of a Trump Presidency, change at the Ethereum Foundation’s direction and core focus, and marketing of the ETH ETF by traditional asset managers, there are quite a few outs for the father of smart contracting platforms,” Ebtikar remarked.
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