Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have significantly outperformed Bitcoin ETFs in inflows for the fifth consecutive day, with total cumulative inflows of about $3.4 billion compared to $966 million for Bitcoin ETFs. This shift is attributed to aggressive corporate accumulation of Ethereum, alongside dwindling supply on exchanges, which is fostering a supply squeeze. Prominent players like BlackRock and Fidelity have been instrumental, with large amounts directed towards their Ethereum funds. Market analysts emphasize that factors like Ethereum's smart contract capabilities and staking rewards are driving institutional interest. Despite the positive outlook, there are warnings of potential risks related to historical market corrections typical in September, which could impact future flows. Overall, the sentiment suggests bullish prospects for Ethereum, with predictions of a price surge as institutional demand rises and the market responds positively to Ethereum's unique characteristics.
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