Ether Trails Bitcoin in 2022 Gains as Spot ETF Approvals Stalled

• Ether struggling to keep pace with bitcoin; up 53% in 2022 vs bitcoin's 65% • Awaits SEC approval of spot ether ETFs; seen as key to boosting institutional demand • Ether's legal status more ambiguous than bitcoin's, complicating ETF approval
• Institutional demand for ether far less than bitcoin; ether funds saw $46M outflows recently • Focus on ethereum technology for powering Web3 applications, like tokenized assets