Ethereum ETFs have outperformed Bitcoin ETFs in inflows for five consecutive days, accumulating approximately $3.4 billion compared to $966 million for Bitcoin ETFs. This surge is attributed to corporate treasury investments which have reportedly drained exchange supplies. Notable inflows included BlackRock’s Ethereum ETF adding $520 million and Fidelity’s ETH ETF adding $57 million just in the last trading session. Analysts highlight the appeal of Ethereum due to its support for smart contracts, staking features, and diverse earning opportunities which Bitcoin lacks. They caution about potential risks, such as a historical correction anticipated in September, despite the ongoing institutional demand that may drive Ethereum’s price to significant new highs. Current market sentiment remains optimistic as Ethereum is observing a 13% increase over the past week, amidst increasing corporate accumulation and dwindling exchange supply, which points towards a sustained bullish trend ahead.

Source 🔗