Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have seen a significant increase in inflows, surpassing Bitcoin ETFs for the fifth consecutive day, with approximately $3.4 billion directed towards them compared to $966 million for Bitcoin ETFs during the same period. This trend reflects a substantial corporate accumulation of Ethereum, supported by declining exchange supply and various macroeconomic factors. Major players like BlackRock and Fidelity have led recent inflows into Ethereum funds, emphasizing the institutional interest in the asset. Analysts note Ethereum's advantages over Bitcoin, citing its support for smart contracts and opportunities for yield generation through staking. However, potential corrections in the market and retail profit-taking pose risks. Some experts predict that if institutional demand continues to grow, Ethereum could reach or exceed $10,000 this cycle, driven by its inherent utility and earnings potential. As of now, Ethereum's price is down slightly, resting at around $4,446, yet remains up nearly 13% over the last week.
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