The VanEck September recap report states that Bitcoin has a positive outlook for the fourth quarter due to strong macroeconomic support and institutional inflows. Bitcoin saw a 7.7% surge in September, outpacing Ethereum, which only gained 3.2%. VanEck highlights that the rally in Bitcoin indicates growing investor confidence. In contrast, Ethereum struggled with declining fee generation and a decrease in market share. VanEck suggests that while Ethereum's long-term strategy aims for mass adoption, its short-term underperformance may challenge its market position. Layer-1 blockchains, including Sui, Aptos, and Solana, performed well, while Polygon underperformed with a 4% decrease. Memecoins and DeFi tokens saw gains in September.



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