Crypto
Ethereum Adds Another 17K ETH as Altcoin Rotation Gains Momentum
Ethereum has been outperforming Bitcoin in Q3, with returns more than 1.5 times greater than those of BTC.
The asset's quarterly returns are set to exceed 70% compared to Bitcoin's 43%, according to CoinGlass data.
However, the larger question is whether this outperformance will continue in Q4, a period that has traditionally favored Bitcoin since 2021.
Despite institutional positioning favoring BTC with over $6 billion in net inflows into Bitcoin ETFs, one investor, BitMine, is doubling down on its Ethereum strategy by adding another 17,000 ETH to its holdings.