Galaxy Digital CEO Mike Novogratz has suggested that Ethereum (ETH) possesses the potential to outperform Bitcoin (BTC) within the next half-year, citing accelerating institutional adoption, substantial exchange-traded fund (ETF) inflows, and robust ecosystem fundamentals as key catalysts.
Ethereum demonstrates notable market resilience, currently trading near $3,730 following its peak of $3,848 earlier this year. This strength is bolstered by major institutional moves, including BitMine Immersion’s $2 billion Ethereum allocation and SharpLink Gaming’s $1.3 billion investment.
Significant capital inflow into Ethereum ETFs provides strong impetus. Since receiving regulatory approval, these funds have attracted a cumulative $2.1 billion. Momentum escalated sharply with a record single-day inflow of $726 million.
Novogratz anticipates Ethereum will soon challenge the $4,000 threshold. Supporting this outlook, market sentiment analysis firm Myriad indicates 55% of surveyed participants believe ETH will outperform Bitcoin this year, driven by growing utility in decentralized finance (DeFi) and non-fungible tokens (NFTs).
Bitcoin maintains market leadership, trading around $118,628 with a 12% monthly gain and a recent all-time high of $123,838. Novogratz forecasts Bitcoin could potentially reach $150,000 later this year.
The contrasting paths highlight a diversifying market, where Ethereum’s institutional momentum and expanding use cases challenge Bitcoin’s established strength.