$ETH inflows have been disappointing since ETF trading began. 

why? institutions view $ETH through a fundamental lens and see it as overvalued. 

compared to companies with P/E ratios around 20-50, $ETH sits at 100, making it hard to justify buying. 

even when compared to $BTC (like Silver to Gold), $ETH is overvalued, with ETHBTC needing to drop 20% to be in line.

so, for institutions, $ETH just isn't a buy right now.

credit: Monolith.vc

interesting take! maybe eth just needs more time to prove itself. long term hodl anyone? 🚀