Ether Slumps Amid Broader Crypto Selloff While Bitcoin Strengthens Its Market Lead
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Ether funds and crypto markets struggling amid economic uncertainty and falling asset prices.
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Newly launched ether futures ETFs see lackluster demand, raising just $10M in first week.
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Contrasts sharply with bitcoin futures ETF which saw $570M in first day last year.
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Bitcoin outperforming ether recently as investors retreat from risk; bitcoin share of crypto market creeping up.
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Factors like Ethereum adoption by financial firms could bring investors back to ether long-term.