Why is Ethereum more attractive to institutional investors than Bitcoin?

Chris Kuiper, director of research at Fidelity, believes that Ethereum (ETH) can be more attractive to institutional investors than Bitcoin (BTC).
In a recent interview, Kuiper argued that the legacy financial sector has left Bitcoin behind in terms of overall understanding of cryptocurrencies and has opened its arms to other digital assets. According to Kuiper, one of the key factors making Ethereum more attractive to institutional investors is its evolution as a protocol.
Kuyper said he believes Ethereum has further differentiated itself from Bitcoin. The change to the proof-of-stake algorithm and all the changes that are coming… bring different uses for it and this will help attract institutional investors who are looking for diversification as well.

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Beginning

Almost 12 months ago, Ethereum completed its major “merger” upgrade, switching its consensus mechanism from proof-of-work to proof-of-stake. This update has brought many benefits, including reducing Ethereum’s energy consumption by 99%, reducing Ethereum’s inflation rate, and preparing the network to increase its scalability through sharding technology. In contrast, Bitcoin experiences far fewer updates and has no specific development roadmap or focused development team.
Another Fidelity Digital Assets analyst, Jack Neuter, recently commented that Ethereum may also be an emerging form of money, especially given its signs of deflation following the merger.