Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have surpassed Bitcoin ETFs in inflows for five consecutive days, driven by significant corporate accumulation of ETH. Over the past five days, Ethereum ETFs amassed approximately $3.4 billion compared to $966 million for Bitcoin ETFs. Notably, BlackRock's ETHA led the charge with $520 million in inflows on Thursday alone. Analysts attribute this shift to a combination of reduced exchange supply due to corporate treasuries accumulating more ETH, as well as the attraction of Ethereum's smart contract capabilities and staking prospects over Bitcoin. The supply squeeze in exchanges is concerning, as reported low levels of inventory could reverse inflow trends, particularly during the historically volatile September period. Experts suggest that if the current institutional accumulation trend sustains, ETH could potentially reach $10,000, reflecting its greater utility compared to BTC. Despite this optimism, some caution against possible retail profit-taking amidst the growing demand for Ethereum within the institutional sector.
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