The last few weeks have seen Ethereum dramatically outperform Bitcoin, with the ratio of the two cryptocurrencies bouncing strongly off the 2019 lows... {chart} Ethereum CME futures annualised premium to spot has been trading >10%, overtaking that of Bitcoin, prompting the rotation of the basis position out of Bitcoin and into Ethereum... {chart} In line with the price action since May, the US ETH spot ETFs have seen a steady stream of inflows. Spot Ether ETFs recorded a net inflow of nearly $2.4 billion in the past six trading days, far above spot Bitcoin ETFs, which recorded only $827 million during the same period. (full story)