Ether Lags Bitcoin as Yield Curve Dis-Inversion Resumes

Ether has underperformed bitcoin significantly in 2022 as U.S. bond yields resume dis-inversion.

Since early 2022, crypto prices have had an inverse relationship with the yield spread between 10-year and 3-month notes.

Ether's correlation with the yield spread remains strong at -0.75, so dis-inversion could hurt ether more than bitcoin.

Bitcoin may be insulated by optimism around a potential spot ETF launch.

Dis-inversion in the 10-year/3-month spread raises risks of broader risk aversion in financial markets.