Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have surpassed Bitcoin ETFs in inflows for five consecutive days, with a total of approximately $3.4 billion flowing into Ethereum compared to $966 million for Bitcoin. The trend indicates a strong institutional interest in Ethereum, supported by corporate accumulation and decreasing exchange supplies. Notably, BlackRock’s ETHA and Fidelity’s FETH led the charge with significant contributions. Experts suggest that Ethereum’s advantages, such as its smart contract capabilities and staking benefits, are attracting institutional investors. This shift in inflows could signify a broader trend toward Ethereum, particularly as exchanges experience low inventory levels. However, risks remain, including a potential market correction in September and possible profit-taking from retail investors. Analysts predict that if institutional demand continues, Ethereum could reach significant price milestones in the near future.
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