Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
Ethereum ETFs have outpaced Bitcoin ETFs in inflows for five consecutive days, with Ethereum adding approximately $3.4 billion compared to Bitcoin's $966 million during the same period. The surge is attributed to an unprecedented corporate accumulation of Ethereum, resulting in reduced exchange and OTC supply. Notably, major funds like BlackRock's ETHA and Fidelity's FETH have led the inflows. Analysts highlight that Ethereum's smart contract capabilities, staking rewards, and diverse earning opportunities make it attractive compared to Bitcoin. However, they caution about potential risks such as historical market corrections in September, which could disrupt flows. With a notable increase in institutional interest, experts suggest that if these trends continue, Ethereum could reach significantly higher price levels, potentially aiming for $10,000 in this market cycle. As of now, Ethereum is priced at approximately $4,446, reflecting a 2% decline for the day but an overall 13% increase over the past week.
Source 🔗