Despite the buzz, Ethereum is now 60% below its August record of $4,946 according to CoinGecko data, with the price dip coming as every major coin takes a hit, while Ethereum ETFs this year have slogged behind Bitcoin and the coin remains more 'exposed' to geopolitical risk. Ethereum funds tell a different story, closing March with $46 million in outflows, extending the negative streak to five months with total outflows worth $3.21 billion since November, while CoinShares noted Ethereum led all assets in outflows last week, shedding over $200 million. However, Ether could turn a leaf and even end up outperforming Bitcoin in the short-term, with CoinShares analyst Luke Nolan stating 'volumes continue to grow quickly, and I do think once crypto sentiment stabilizes, Ethereum could outperform Bitcoin in the shorter run'. BlackRock's new ETF, iShares Staked Ethereum Trust ETF (ETHB), which launched March 12, is a silver lining for the asset, with Bloomberg's James Seyffart calling it 'a very successful launch' after taking in nearly $100 million in fresh cash.