Ethereum ETF outflows have surged by 39% in just one week, reflecting shaken investor sentiment amidst mounting pressure on ETH. However, BlackRock has shown confidence by doubling its ETH position to $1.8 billion, signaling long-term conviction in Ethereum’s potential. Meanwhile, Standard Chartered predicts that XRP may surpass Ethereum by 2028, intensifying the race for the second spot in the crypto market.
The outflows from Ethereum ETFs have reached $82.47 million, the largest drawdown in recent months, reflecting a consistent trend since mid-February. This aligns with Ethereum’s price drop to $1.5K and a decline in total net assets to $5.24 billion from a peak above $12 billion in late 2024. While short-term investor confidence seems to be waning, institutions like BlackRock remain optimistic about Ethereum’s future.
BlackRock’s $1.8 billion ETH bet showcases a steady accumulation of Ethereum since 2024, emphasizing a belief in its long-term value proposition. In contrast, Standard Chartered’s prediction of XRP surpassing Ethereum in market cap by 2028 presents a different perspective on the future of these cryptocurrencies. This divergence in institutional outlooks highlights the uncertainty and dynamic nature of the crypto market’s top contenders.
Currently, Ethereum’s price stands at $1,603, following a 2.47% daily drop and a bearish trend since early 2025. The Relative Strength Index (RSI) indicates oversold territory, while the Moving Average Convergence Divergence (MACD) line suggests ongoing bearish momentum with potential for a bullish divergence. Despite BlackRock’s confidence in Ethereum, technical indicators suggest that ETH is still struggling to stabilize and may face resistance near $1,800.
In conclusion, the race for the second spot in the crypto market between Ethereum and XRP is intensifying, with conflicting outlooks from institutional investors adding to the uncertainty. While Ethereum faces pressure with increasing ETF outflows, institutions like BlackRock continue to show faith in its long-term potential. As market dynamics shift, the future of these top cryptocurrencies remains uncertain, with price movements indicating ongoing struggles for Ethereum to find solid footing in the current market environment.
