Ethereum ETFs have seen significant inflows, surpassing Bitcoin ETFs for the fifth consecutive day. Over the past five days, Ethereum funds have attracted approximately $3.4 billion compared to $966 million for Bitcoin, driven by corporate treasury accumulation and declining exchange supplies. On August 15, Ethereum ETFs gained $640 million, primarily from BlackRock's ETHA and Fidelity's FETH. Analysts observe a substantial supply squeeze in Ethereum, with exchange balances at critical lows and major OTC desks reporting no inventory left to sell. This shift is attributed to Ethereum's inherent advantages over Bitcoin, including support for smart contracts and staking capabilities. However, experts warn of potential risks, including a historical correction in September and the likelihood of profit-taking by retail investors. Despite these concerns, some predict that Ethereum's price could eventually reach $10,000 if institutional demand continues, underlining its utility and yield generation compared to Bitcoin.

Source 🔗