Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have seen significant inflows, totaling approximately $3.4 billion over the past five days, surpassing Bitcoin ETFs, which attracted $966 million during the same period. This trend marks the fifth consecutive day of Ethereum leading in ETF inflows, driven by corporate accumulation and declining exchange supplies. Major institutional investments came from BlackRock's ETHA and Fidelity's FETH, contributing to a record $1 billion influx on August 11. Analysts attribute this surge to Ethereum's smart contract capabilities, staking options, and the potential for yield generation, making it increasingly appealing to corporate treasuries. However, concerns loom over a historical market correction in September and the possibility of retail profit-taking. Nonetheless, industry experts predict that continued institutional interest may propel Ethereum prices significantly higher, potentially reaching $10,000 in this cycle.
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