{"id":53671,"date":"2025-11-17T10:23:37","date_gmt":"2025-11-17T03:23:37","guid":{"rendered":"https:\/\/hbbgroup.net\/ether-dips-below-3100-investment-manager-says-market-views-eth-as-more-risky-than-btc\/"},"modified":"2025-11-17T10:23:37","modified_gmt":"2025-11-17T03:23:37","slug":"ether-dips-below-3100-investment-manager-says-market-views-eth-as-more-risky-than-btc","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/ether-dips-below-3100-investment-manager-says-market-views-eth-as-more-risky-than-btc\/","title":{"rendered":"Ether Dips Below $3,100; Investment Manager Says Market Views ETH as &#8216;More Risky&#8217; Than BTC"},"content":{"rendered":"<div data-module-name=\"article-header\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<h2>Ether Dips Below $3,100; Investment Manager Says Market Views ETH as &#8216;More Risky&#8217; Than BTC<\/h2>\n<h2>Timothy Peterson says ether ETFs have lost about 7% of cost-basis capital over five weeks, versus 4% for bitcoin ETFs.<\/h2>\n<p><span>Updated Nov 16, 2025, 10:14\u202fp.m. <\/span><span>Published Nov 16, 2025, 10:09\u202fp.m. <\/span><\/p>\n<\/div>\n<div data-module-name=\"article-body\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<p>Ether <span data-submodule-name=\"price-chip\" data-submodule-version=\"1.0.0\" data-submodule-instance=\"default\"><a href=\"http:\/\/www.coindesk.com\/price\/ethereum\"><span><span><span>ETH<\/span><span><svg fill=\"none\" height=\"24\" viewbox=\"0 0 24 24\" width=\"24\"><path d=\"M15.79 11.71L13.2 14.3C12.81 14.69 12.18 14.69 11.79 14.3L9.19995 11.71C8.56995 11.08 9.00995 10 9.89995 10H15.09C15.98 10 16.42 11.08 15.79 11.71Z\" fill=\"#BB020A\" \/><\/svg><\/span><span>$3,177.68<\/span><\/span><\/span><\/a><\/span> traded below $3,100 on Sunday during a broader pullback in digital assets. The token was recently near $3,066 at 9:36 p.m. UTC, down 3.4% over the past 24 hours. It briefly fell through the $3,100 level on Bitstamp at about 4 p.m. UTC, marking its first break beneath that threshold since Nov. 4, based on data from TradingView.<\/p>\n<figure><img loading=\"lazy\" alt=\"ETH-USD 24-Hour Price Chart (TradingView)\" width=\"2648\" height=\"1822\" decoding=\"async\" data-nimg=\"1\" src=\"http:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F35f3e5fa1a19ac590d505a6685a4dbb09bd97712-2648x1822.png%3Fauto%3Dformat&#038;w=3840&#038;q=75\"><\/p>\n<p><figcaption>Ether falls below $3,100 for the first time since Nov. 4. (TradingView) <\/figcaption><\/p>\n<\/figure>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/network-effect\/\" target=\"_blank\">Timothy Peterson<\/a>, an investment manager and digital asset researcher at Cane Island Alternative Advisors, said spot ether ETFs posted net outflows in four of the past five weeks, totaling roughly 7% of the cost-basis capital invested in the products. He said bitcoin ETFs saw about 4% withdrawn over the same period, a smaller share that he believes indicates investors currently view ether as the riskier asset.<\/p>\n<p>Cost-basis capital represents the total amount of money originally committed to an ETF, separate from gains or losses accumulated after purchase. The measure reflects how much foundational capital long-term participants have contributed to a fund. When redemptions rise as a share of this original investment base, analysts interpret it as an erosion of conviction among established holders rather than short-term positioning changes.<\/p>\n<p>Because the metric focuses on investors\u2019 initial commitments, it can provide a clearer read on sentiment than headline inflow and outflow data, which can be affected by week-to-week volatility. <\/p>\n<p>Traders will now be watching whether ether\u2019s ETF outflows ease or continue in the coming weeks, and how the token trades around key levels after Sunday\u2019s move below $3,100. Future flow data and price action are likely to show whether the sentiment gap Peterson highlighted between ether and bitcoin persists.<\/p>\n<\/div>\n<div>\n<p><span class>AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <\/span><a rel=\"noopener noreferrer\" href=\"http:\/\/www.coindesk.com\/ethics\">our standards<\/a>. <span class>For more information, see <\/span><a rel=\"noopener noreferrer\" href=\"http:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/p>\n<\/div>\n<div data-module-name=\"promotional-article\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<p>More For You<\/p>\n<div>\n<div>\n<p>Protocol Research: GoPlus Security<\/p>\n<\/div>\n<div>\n<figure><img loading=\"lazy\" alt=\"GP Basic Image\" width=\"1920\" height=\"1080\" decoding=\"async\" data-nimg=\"1\" src=\"http:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F84a8eb9a12b91c3b7656ac7b18dcf5f1e79f21e2-3840x2160.png%3Fauto%3Dformat&#038;w=3840&#038;q=75\"><\/figure>\n<div>\n<p>What to know: <\/p>\n<div>\n<ul>\n<li>As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.<\/li>\n<li>GoPlus Intelligence&#8217;s Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.<\/li>\n<li>Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.coindesk.com\/research\/protocol-research-goplus-security\">View Full Report<svg width=\"21\" height=\"21\" viewbox=\"0 0 21 21\" fill=\"none\"><mask id=\"mask0_2473_9121\" style=\"mask-type:alpha\" maskunits=\"userSpaceOnUse\" x=\"0\" y=\"0\" width=\"21\" height=\"21\"><rect x=\"0.5\" y=\"0.500366\" width=\"20\" height=\"20\" fill=\"#D9D9D9\" \/><\/mask><g mask=\"url(#mask0_2473_9121)\"><path d=\"M12.0385 15.2119L11.1602 14.3081L14.3429 11.1254H4.25V9.8754H14.3429L11.1602 6.69269L12.0385 5.78894L16.75 10.5004L12.0385 15.2119Z\" fill=\"#262626\" \/><\/g><\/svg><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div data-module-name=\"read-next\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<p>More For You<\/p>\n<div>\n<p>Arca CIO Jeff Dorman Rejects Claims Saylor\u2019s Strategy (MSTR) Faces Forced Bitcoin-Sale Risk<\/p>\n<figure><img loading=\"lazy\" alt=\"Bitcoin one-month price chart showing decline toward $94,000\" width=\"1920\" height=\"1080\" decoding=\"async\" data-nimg=\"1\" src=\"http:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F3f0f34691528f759c5d7c4726fc0003f377adc0b-700x430.png%3Fauto%3Dformat&#038;w=3840&#038;q=75\"><\/figure>\n<p>Dorman says fears that Strategy will be forced to sell bitcoin are misplaced, citing the firm\u2019s balance sheet, governance and cash flow.<\/p>\n<div>\n<p>What to know: <\/p>\n<div>\n<ul>\n<li>Jeff Dorman said Strategy\u2019s structure makes forced bitcoin sales unlikely, citing Saylor\u2019s board control and debt terms.<\/li>\n<li>Peter Schiff predicted Strategy will \u201ceventually go bankrupt\u201d and challenged Saylor to debate him publicly.<\/li>\n<li>Strategy shares are down 33.42% year to date, compared with a 0.4% gain for bitcoin, and trade near a diluted mNAV multiple of 1.06x, according to StrategyTracker.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.coindesk.com\/markets\/2025\/11\/16\/arca-cio-jeff-dorman-rejects-claims-saylor-s-strategy-mstr-faces-forced-bitcoin-sale-risk\">Read full story<svg width=\"21\" height=\"21\" viewbox=\"0 0 21 21\" fill=\"none\"><mask id=\"mask0_2473_9121\" style=\"mask-type:alpha\" maskunits=\"userSpaceOnUse\" x=\"0\" y=\"0\" width=\"21\" height=\"21\"><rect x=\"0.5\" y=\"0.500366\" width=\"20\" height=\"20\" fill=\"#D9D9D9\" \/><\/mask><g mask=\"url(#mask0_2473_9121)\"><path d=\"M12.0385 15.2119L11.1602 14.3081L14.3429 11.1254H4.25V9.8754H14.3429L11.1602 6.69269L12.0385 5.78894L16.75 10.5004L12.0385 15.2119Z\" fill=\"#262626\" \/><\/g><\/svg><\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Ether Dips Below $3,100; Investment Manager Says Market Views ETH as &#8216;More Risky&#8217; Than BTC Timothy Peterson says ether ETFs [&hellip;]<\/p>","protected":false},"author":5,"featured_media":53675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-53671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/53671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=53671"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/53671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/53675"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=53671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=53671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=53671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}