Ethereum ETFs outpaced Bitcoin ETFs for the fifth consecutive day, with a total of approximately $3.4 billion in inflows compared to $966 million for Bitcoin over the same period. The recent trend is attributed to aggressive corporate accumulation of ETH, reducing exchange and over-the-counter supply, according to analysts. On the last trading day, Ethereum funds attracted $640 million, primarily driven by BlackRock’s ETHA and Fidelity’s FETH. Experts highlight that Ethereum's capabilities, such as supporting smart contracts and offering staking yields, make it attractive to institutional investors. This has led to a robust investment landscape, with market observers predicting that if institutional trends persist, Ethereum could reach $10,000 this cycle. However, potential risks include a historical market correction anticipated in September and possible profit-taking by retail investors. At the time of the report, Ethereum was priced at approximately $4,446, having increased nearly 13% over the previous week.

Source 🔗