Ethereum has outperformed Bitcoin this quarter, rising over 20% versus Bitcoin's 9%, with macroeconomic factors like rising Treasury yields reducing risk capital in crypto and favoring altcoins. Bank of America reduced its Bitcoin-related holdings while significantly increasing its Ethereum ETF shares, indicating institutional confidence in Ethereum. These trends suggest a possible breakout in Ethereum's market position and the start of a broader altcoin rally if current conditions persist.
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