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Ethereum has outpaced
Bitcoin in 2025, thanks to a surge in investor appetite for ETH through ETFs and large corporate buys.
What’s the Scoop?
- Ethereum Led the Charge: The ETH/BTC ratio is back above 0.035 after reaching multi-year lows in April at 0.018.
- Institutional Buying Spree: Institutional demand dominated, with $10 billion worth of ETH snapped up by ETFs and corporate treasuries since mid-May—that’s about 32 times the amount of new ETH issued in that period.
- ETF Inflows Hotter Than Bitcoin’s: Over just six days, spot ETH ETFs drew in $2.4 billion in inflows versus $827 million for Bitcoin ETFs. BlackRock’s ETHA led the pack.
- Derivatives Tell the Tale: Ethereum derivatives overtook Bitcoin for the first time since 2022—ETH’s perpetual futures volume and open interest alone dwarf BTC’s, reaching a record $58 billion active contracts.
- Broader Market Shift: Analysts credit Ethereum’s rally to deeper institutional engagement, regulatory clarity, and its growing prominence in DeFi, staking, and tokenized finance.