Ethereum ETFs have topped Bitcoin inflows for the fifth consecutive day, accumulating approximately $3.4 billion compared to $966 million for Bitcoin ETFs during the same period. This surge, noted by analysts, is attributed to aggressive corporate accumulation of Ethereum and a tightening supply of ETH on exchanges. Notable contributions include significant inflows from BlackRock's ETHA and Fidelity's FETH, with Ethereum funds bringing in $640 million on a recent Thursday alone. Analysts suggest that Ethereum's versatility due to smart contracts, staking opportunities, and overall utility make it appealing to institutional investors, who are increasingly viewing it as a more attractive option than Bitcoin. However, risks remain, such as historical market corrections typically seen in September and potential retail profit-taking. Despite these concerns, experts predict that if this institutional trend continues, Ethereum could see its price soar, with some estimates suggesting a potential reach of $10,000 per ETH in this cycle.

Source đź”—