Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have outpaced Bitcoin ETFs in inflows for five consecutive days, with approximately $3.4 billion added compared to $966 million for Bitcoin ETFs. This trend is attributed to significant corporate accumulation of ETH as institutions continue to drain exchange and OTC supply, amid a backdrop of declining exchange balances. Notably, during a single trading session, Ethereum funds drew in $640 million, primarily from BlackRock’s ETHA and Fidelity’s FETH. Analysts emphasize that Ethereum's smart contract capabilities and staking opportunities make it more appealing than Bitcoin, although potential risks, such as September market corrections and profit-taking by retail investors, exist. If the current institutional interest continues, projections suggest ETH could reach $10,000 this cycle, underlining its perceived greater utility compared to BTC.
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