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In February, Ethereum’s price dipped to around $2,000 while investor interest in spot ETH ETFs listed in the U.S. surged. This market activity indicates that investors are reassessing their strategies. Conversely, Bitcoin 
$104,310 ETFs experienced a contrasting trend with notable net outflows.
Increased Investor Interest in ETH ETFs
Nine spot Ethereum 
$2,611 ETFs listed in the U.S. recorded net inflows totaling approximately $393 million in February. This figure represents a significant increase compared to the previous month. The fact that only two days saw net outflows suggests that investors are largely gravitating towards ETH.
In contrast, eleven Bitcoin ETFs experienced net outflows of about $376 million. This situation indicates a decline in investor interest in Bitcoin and a shift towards Ethereum. Market observers note that investors are considering Ethereum’s recent updates and developments.
Ethereum Updates and Price Expectations
While Ethereum’s price currently trades in the $2,600-$2,800 range, positive market expectations persist. Analyst Nick Forster highlighted that the upcoming Pectra update is expected to bring significant improvements to the Ethereum ecosystem. This update will enhance transaction speeds, staking mechanisms, and overall network performance.
Vitalik Buterin’s proposal for a tenfold increase in the L1 gas limit aims to improve network efficiency and support application development processes. Additionally, the Ethereum Foundation’s $120 million investment in DeFi projects is capturing the attention of major investors.
Forster noted that the probability of ETH surpassing the $3,000 mark by the end of this quarter has risen to 30%. Market movements suggest that Ethereum is strengthening its position against Bitcoin. It remains crucial for investors to closely monitor developments in the market.
