Ether ETFs Crush Bitcoin With 10x Higher Inflows This Week
Spot Ether exchange-traded funds (ETFs) have significantly outperformed Bitcoin funds, attracting over $1.8 billion in inflows within just five trading days. Since last Thursday, spot Ether ETFs have recorded inflows of $1.83 billion, while Bitcoin funds garnered only $171 million. This trend continued with $310.3 million in inflows for Ether on Wednesday, compared to just $81.1 million for Bitcoin. The price of Ether has risen by 5% in the past week, while Bitcoin saw a modest 2.8% gain. Analysts, including Ethereum educator Anthony Sassano, noted the substantial shift in investor attention towards Ether. Since July, spot Ether ETFs have approached nearly $10 billion in inflows, with total aggregate inflows since their inception reaching $13.6 billion. In contrast, Bitcoin ETFs, which have been available for longer, have accumulated around $54 billion. Notably, recent legislation supporting stablecoins has likely contributed to Ether's surge in popularity as it holds the largest market share of stablecoins and tokenized assets.
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