“The downward sloping structure is backward, which means that traders expect ETH to perform weaker than BTC as time goes by,” Griffin Ardern, volatility trader from crypto asset management firm Blofin, said. “This shows investors are relatively more bullish on BTC’s performance.”
![Traders Prefer Bitcoin to Ether Despite Developing Spot ETH ETF Narrative Traders Prefer Bitcoin to Ether Despite Developing Spot ETH ETF Narrative](https://www.coindesk.com/resizer/ns5XMk0A0r2ng0mgqH2k5JmvVfk=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YHVCIOEAJFC4XHWIOLKLPLFMRM.jpg)