Ethereum Lags Bitcoin in Attracting Speculative Trading Despite Price Recovery
• Speculative trading on Ethereum has not yet kicked into high gear, despite rising off 2022 lows • Bitcoin has benefited more so far from ETF hype and approval than Ethereum • Ethereum ETF anticipation and leverage trading remains muted compared to Bitcoin • Ethereum price moves have been spot-driven rather than fueled by derivatives speculation • As assets mature, Bitcoin and Ethereum may decouple and develop independent narratives