Ethereum

Both crypto tokens have seen billions in outflows from their ETFs since the early October crash

The largest cryptocurrency has in the past been framed as a haven in times of turmoil

The original cryptocurrency is down about 4% in 2025

MONY, open to qualified investors, allows them to earn a yield while holding the token on the blockchain

A MarketVector index tracking the bottom half of the largest 100 digital assets is down almost 70% this year

A reversal of bearish sentiment is reflected across derivatives markets

They aim to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems

The fall is dealing a heavy blow to digital-asset treasury firms, whose valuations were built on the earlier rally

The shift in sentiment has been swift and sharp