Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have surpassed Bitcoin ETFs in inflows for the fifth consecutive day, with around $3.4 billion flowing into Ethereum compared to $966 million for Bitcoin. This trend is attributed to corporate treasuries actively accumulating ETH and a decline in exchange supply. On August 15, Ethereum funds garnered $640 million, led by significant contributions from BlackRock and Fidelity. The influx of capital highlights growing institutional interest as ETH near-record prices draw investors. Analysts emphasize that Ethereum's smart contract capability, staking opportunities, and diverse earning potential make it attractive compared to Bitcoin. However, risks such as historical market corrections in September and potential retail profit-taking could hinder growth. Experts foresee the possibility of ETH reaching $10,000, driven by ongoing institutional demand and available yield-generating properties unique to Ethereum. The general sentiments among analysts suggest an enduring bullish momentum for ETH, positioning it for sustained growth amid shifting market dynamics.
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