Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have surpassed Bitcoin ETFs in inflows for the fifth consecutive day, accumulating approximately $3.4 billion versus $966 million for Bitcoin in that timeframe. This surge is attributed to significant corporate accumulation of Ethereum, leading to falling exchange and over-the-counter supply. On August 15, Ethereum ETFs received $640 million, primarily driven by BlackRock’s ETHA and Fidelity’s FETH. This follows record inflows earlier in the month, highlighting strong interest from institutional investors. Factors making Ethereum appealing include its smart contract capabilities, staking opportunities, and a growing array of applications compared to Bitcoin. Experts suggest that this trend may continue, potentially elevating Ethereum's price to reach new all-time highs, despite possible market corrections in the near future. Ethereum's recent performance aligns with mounting supply constraints, fueling expectations of further price appreciation amid solid corporate interest and ongoing institutional demand.
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