Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have outpaced Bitcoin ETFs in inflows for the fifth consecutive day, with Ethereum funds accumulating approximately $3.4 billion compared to $966 million for Bitcoin funds. This trend is attributed to institutional investors aggressively accumulating Ethereum, leading to dwindling supply both on exchanges and in over-the-counter markets. Notable contributions came from firms like BlackRock and Fidelity, which saw substantial inflows into their Ethereum ETFs. Market experts suggest that Ethereum's inherent utility—particularly in supporting smart contracts and staking—makes it attractive to institutions. Despite the bullish sentiment, concerns remain regarding a potential market correction, historically observed in September, which could disrupt this inflow momentum. Analysts predict that if institutional interest continues and supply remains constrained, the price of Ethereum could surge significantly, possibly reaching new all-time highs within the year.
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