Similar to BTC's data, ETH spot buying volume also increases when the overall market is on the rise. However, judging from the price trends, it's clear that the ETH/BTC exchange rate has been declining over the past two weeks. This indicates that more funds are still concentrated on BTC, likely because Bitcoin has a stronger correlation with U.S. stocks or tech stocks, whereas ETH is slightly less correlated. That said, traditional investors from BlackRock and Fidelity are still buying ETH spot positions. From long-term data, ETH remains the cryptocurrency most similar to Bitcoin in terms of compliance and characteristics. Bitget is here, and it's VIP all the way! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.