Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have significantly outperformed Bitcoin ETFs for five consecutive days, with inflows totaling approximately $3.4 billion compared to Bitcoin's $966 million. Major contributors to this trend include corporate treasury accumulation and a decline in exchange supply. On August 15, Ethereum funds attracted $640 million led by major players such as BlackRock and Fidelity. Analysts attribute this surge to Ethereum's unique advantages, including its support for smart contracts, staking yield opportunities, and overall versatility compared to Bitcoin. Despite the positive sentiment, experts warn of potential market corrections, noting historical trends that might see profit-taking in the coming months. If the current momentum persists, projections suggest Ethereum could reach $10,000 this cycle, driven by its utility and yield-generating capabilities.
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