Ether (ETH) traders have gained favor over Bitcoin following the latter’s $44K surge.

Bitcoin is up more than 60% this quarter, while Ether, a supposedly deflationary currency with bond-like appeal and an ESG-compliant label, lagged far behind, up 35%, according to CoinDesk data. The performance gap is even wider over larger time periods, with Bitcoin boasting gains of 163% compared to Ethereum’s 89%.