Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have experienced a significant surge in inflows, totaling approximately $3.4 billion over the past five days, which outpaces Bitcoin ETFs, which saw $966 million during the same period. This marks the fifth consecutive day of Ethereum inflows surpassing Bitcoin. Analysts attribute this trend to corporate treasury accumulation and a dwindling supply on exchanges. The inflows were notably led by BlackRock’s ETHA and Fidelity’s FETH. The growing corporate interest is rooted in Ethereum's versatile applications, staking opportunities, and greater utility compared to Bitcoin. Despite this bullish sentiment, experts caution about potential market corrections, particularly in September, while maintaining optimistic projections for Ethereum's price, possibly reaching $10,000 in this cycle due to institutional demand and the broader appeal of Ethereum’s ecosystem.
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