Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have surpassed Bitcoin ETFs in inflows for the fifth consecutive day, with total inflows reaching approximately $3.4 billion compared to Bitcoin's $966 million over the same period. This trend has been attributed to increasing corporate accumulation of Ethereum, which is driving demand while exchange supply dwindles. Notably, BlackRock's ETHA and Fidelity's FETH led the inflows, with significant contributions noted during the first few days of this trend, reaching a record inflow of $1 billion on August 11. Experts indicate that Ethereum's versatility, including its support for smart contracts and staking options, makes it more attractive to institutional investors than Bitcoin. However, there are concerns about a potential market correction in September, which could influence these inflows. Analysts predict that if institutional demand continues, Ethereum's price could exceed $10,000 during this cycle, driven by its greater utility compared to Bitcoin.
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