Institutional investors shift focus to Ethereum futures as demand for Bitcoin weakens


Big investors are turning their attention to Ethereum, according to JPMorgan analysts.

Bitcoin futures have witnessed weak demand as BTC futures have traded below spot prices.

Ethereum futures premium rose 1%, which shows a strong divergence in demand from the leading cryptocurrency.

Institutional investors have been increasingly pivoting from Bitcoin to Ethereum since August as demand diverges to the second-largest cryptocurrency by market capitalization. JPMorgan analysts stated that the leading digital asset suffered a setback as BTC futures traded below the actual price of the crypto asset.