Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have gained momentum, surpassing Bitcoin ETFs in inflows for the fifth consecutive day. In total, Ethereum funds have attracted approximately $3.4 billion in the past five days, compared to $966 million in Bitcoin ETFs. This trend is attributed to increased corporate treasury accumulation, a shrinking supply available for trading on exchanges, and the appealing staking opportunities offered by Ethereum. Analysts highlight that Ethereum's unique capabilities, such as its support for smart contracts, make it more attractive than Bitcoin for institutional investors. The recent interest from corporates signifies a shift towards Ethereum that might boost its price significantly, potentially reaching $10,000. However, experts warn of a historical downturn typical in September and possible retail profit-taking that could affect the ongoing inflows. Despite these risks, the overall sentiment remains bullish about Ethereum's future performance, especially as it continues to attract substantial investment from institutions and funds.
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