JPMorgan: ETH Has Lagged BTC in Price and Institutional Flows Since October Deleveraging!

JPMorgan analysts led by Nikolaos Panigirtzoglou have flagged a persistent underperformance gap between Ethereum and Bitcoin that has widened since the October 2025 deleveraging event. In both price terms and institutional flows, ETH has failed to keep pace — spot BTC ETFs have recovered roughly…