Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have seen a significant surge in inflows, surpassing Bitcoin ETFs for five consecutive days. Over the past week, Ethereum funds added approximately $3.4 billion compared to $966 million for Bitcoin. This influx is attributed to corporate treasuries aggressively accumulating Ethereum, leading to a reduction in exchange supply. Notable contributions came from BlackRock’s ETHA with $520 million and Fidelity’s FETH with $57 million. Market analysts highlight factors such as Ethereum’s robust smart contract capabilities, staking opportunities, and the ongoing corporate interest as key components driving this trend. Experts warn, however, of potential market corrections as September historically brings volatility. Yet, expectations for Ethereum's future are optimistic, with some predicting a price surge towards $10,000. As of the latest update, Ethereum was trading at approximately $4,446, maintaining a nearly 13% gain over the prior week.
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