Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have seen $3.4 billion in inflows over the past five days, far surpassing Bitcoin's $966 million during the same period. This trend marks the fifth consecutive day that Ethereum has outperformed Bitcoin in ETF inflows, largely attributed to aggressive accumulation by corporate treasuries and declining exchange supplies. During the last trading session, $640 million was added to Ethereum ETFs, with significant contributions from BlackRock's ETHA and Fidelity's FETH. Analysts point to three factors that enhance Ethereum’s appeal: its support for smart contracts, staking options, and diverse income-generating features compared to Bitcoin. Despite the positive momentum, experts caution about potential market corrections in September, alongside retail profit-taking. If institutional accumulation continues, Ethereum's price could rise significantly, potentially reaching $10,000 within the current market cycle.
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