Two Prime, a US-based investment advisory firm, has ceased support for Ether (ETH) amid a significant decline in its value, which has dropped 45% year-to-date. After lending $1.5 billion across Bitcoin (BTC) and ETH, the firm is now focusing exclusively on Bitcoin investment management and lending. Two Prime criticized ETH for its unpredictable trading behavior, likening it more to a memecoin than a stable asset. They noted that while Bitcoin maintained its fundamental trading behavior during Q1 2025, ETH exhibited extreme volatility, complicating algorithmic trading and lending operations. The firm's stance prompted reactions from the cryptocurrency community, with some interpreting their comments as a potential bottom signal for ETH. Additionally, Two Prime pointed out the underperformance of Ether exchange-traded funds (ETFs) compared to Bitcoin ETFs, which have attracted significantly more institutional interest. Despite Ether’s decreased institutional backing, it remains the most prominent altcoin in terms of assets under management, exceeding competitors like Solana and XRP.

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