ETH's performance has been quite eye-catching these days, especially compared to BTC. Last Thursday, while Bitcoin saw capital outflows, Ethereum was still attracting funds—although the inflows weren't particularly strong, their consistency made up for it.

There's something interesting behind this: at the current price level, ETH is clearly more attractive to capital. Digging a bit deeper, most ETH spot ETF holders are sitting right around their cost basis. At this level, they're reluctant to sell at a loss but still see potential, so new funds are willing to dip their toes in. Simply put, the market is voting with its feet—right now, Ethereum might offer better value for money than Bitcoin.