Recently, the cryptocurrency market has experienced significant volatility, with the performance of Ethereum and Bitcoin ETFs becoming a focal point. A report by Bitfinex reveals that Ethereum ETFs face severe challenges compared to Bitcoin ETFs. Large-scale outflows of funds have resulted in relatively lower prices for Ethereum, particularly for emerging Ethereum ETFs like iShares Ethereum Trust, which, despite receiving a small amount of funds, struggle to reverse the overall downward trend. In contrast, well-established products like Grayscale's Ethereum Trust (ETHE) have witnessed massive outflows, significantly exacerbating market downward pressure. As of early August, Ethereum's price had dropped by approximately 40%, reaching one of its lowest levels since nearly 1200 days, indicating a challenging market situation for Ethereum. On the other hand, Bitcoin ETFs have shown greater resilience. Despite facing challenges such as oversupply in the market, Bitcoin has maintained high trust from investors, with relatively stable price performance. The report notes that while there is short-term uncertainty in the Bitcoin market, its long-term growth potential remains optimistic, especially considering the historical halving cycle followed by Bitcoin. Based on historical data, the market expects the low point of the third quarter to have already occurred or is about to conclude with another round of decline, aiming to find the bottom of Bitcoin. Looking ahead, the expectation is for a bullish performance of Bitcoin in the fourth quarter, owing to the market's recognition of Bitcoin's long-term value and optimism about its potential growth. In summary, the differences in performance between Ethereum and Bitcoin in market fluctuations are evident, with Bitcoin displaying stronger stability and resilience in the current market environment. The market maintains a positive outlook for Bitcoin's future prospects, anticipating a bullish trend in the fourth quarter.