Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs surpassed Bitcoin ETF inflows for the fifth consecutive day, accumulating approximately $3.4 billion compared to $966 million for Bitcoin. This surge was primarily driven by aggressive corporate accumulation, resulting in decreasing exchange and OTC supply. Notable inflows included $640 million on August 15, led by BlackRock's ETHA and Fidelity's FETH. Experts highlight that the appetite for Ethereum is bolstered by its smart contract capabilities and staking features that Bitcoin lacks. The growing corporate interest is viewed as a structural shift rather than a cyclical one, with predictions of Ethereum reaching $10,000 in the current cycle if trends continue. However, analysts caution about potential market corrections in September and the risk of retail profit-taking that could affect future inflows.
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