Ethereum spot ETF's recent performance has been impressive. In December, net inflows reached $2.1 billion, doubling November's figure, which is no small number. In contrast, BTC ETFs experienced outflows, making this comparison quite intriguing—indicating that smart money is shifting and beginning to explore the next growth engine.

ETH price has risen from $2,900 to $3,353, currently making a push toward $3,500. Once it stabilizes at this key level, the previous high of $4,000 will become a natural next target, attracting a rush of buyers.

Why is institutional interest in ETH heating up? The underlying logic is clear. The Layer2 ecosystem is exploding, the Restaking track has just dawned, and the RWA tokenization process is accelerating—these are all real developments that expand ETH's use cases and value capture capabilities. As the absolute leader in smart contract platforms, the potential for growth is indeed broader than BTC.

From a β coefficient perspective, ETH's resilience is stronger, and with these ecosystem catalysts continuing to exert influence, ETH's performance in 2025 could outshine BTC.