Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum exchange-traded funds (ETFs) have outperformed Bitcoin ETFs in inflows for five consecutive days, accumulating approximately $3.4 billion compared to $966 million for Bitcoin ETFs. This trend is attributed to unprecedented corporate accumulation of Ethereum, which significantly shapes institutional capital. On August 15, Ethereum ETFs took in $640 million, with BlackRock’s ETHA leading at $520 million. Over the prior days, the inflows reached record figures, including a staggering $1 billion on August 11 alone. Analysts suggest that limited supply due to shrinking exchange balances and OTC inventories is driving these inflows. Additionally, Ethereum’s unique attributes, such as smart contracts and staking features, make it more appealing than Bitcoin. Market experts predict that if this institutional interest continues, Ethereum could reach $10,000, driven by its utility and yield-generating capacity. However, potential risks like a historical market correction in September could reverse this trend.
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