For institutional investors, Ethereum is more attractive than Bitcoin! Why?
This impressive performance stems from factors such as the deflation of its supply since the consensus mechanism changed to Proof of Stake (PoS), the decrease in ETH token inveory on exchanges, and the increase in the amou of Ethereum staked.
The rece report also cited the growth of Ethereum's DeFi ecosystem and Layer 2 networks, as well as the Duncan update, as key catalysts for ETH's strong performance compared to Bitcoin.
In this way, the situation has changed a little since the previous Baybit report in December. At that time, most organizations and institutions were converting their holdings to Bitcoin due to the nearing approval of spot Bitcoin ETFs.
