The bitcoin versus Ethereum ETF race is on for 2024. A 24% performance differential divides the popular crypto investments, as futures-based Ethereum ETFs are up nearly 15% and the new spot bitcoin ETFs are down 9% in their first three days of trading through Jan. 16. Over that brief period, $1.2 billion has flowed from the Grayscale Bitcoin Trust (GBTC), while $740 million has flowed into new spot ETFs like the iShares Bitcoin Trust (IBIT), meaning that almost $2billion has gone into the non-GBTC spot bitcoin ETFs this year. The heavy flows and trading volume partially explain the negative performance for spot ... (full story)