JPMorgan Says Ether Has Lagged Bitcoin Since October 2025 Deleveraging
Summary
- JPMorgan said Ether (ETH) has underperformed Bitcoin (BTC) in both price performance and institutional inflows since the October 2025 deleveraging.
- The report said U.S. spot-Bitcoin ETFs have recovered about two-thirds of their previous outflows, while spot-Ether ETFs have regained only about one-third.
- JPMorgan said Ethereum and the altcoin market need a rebound in network activity, broader DeFi adoption, and greater real-world utility to catch up with Bitcoin, adding that relative weakness could persist without a recovery in on-chain activity.
Forecast Trend Report by Period
JPMorgan said Ether has continued to underperform Bitcoin since the October 2025 deleveraging.
CoinDesk reported on May 19 that JPMorgan, in a report, said Ether has lagged Bitcoin in both price performance and institutional inflows since the October 2025 deleveraging.
According to the report, U.S. spot-Bitcoin exchange-traded funds have recovered about two-thirds of their previous outflows, while spot-Ether ETFs have regained only about one-third.
JPMorgan said Ethereum and the broader altcoin market need a rebound in network activity, broader decentralized finance adoption and greater real-world utility to catch up with Bitcoin. Without a meaningful recovery in on-chain activity, the relative weakness could persist.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
