Ethereum ETFs Massively Outpace Bitcoin Funds
Spot Ethereum ETFs significantly outperformed Bitcoin funds this week, adding over $1.8 billion in net inflows compared to just $70 million for Bitcoin. This surge in interest comes amidst favorable regulatory changes, such as the passage of the GENIUS Act stablecoin bill, which is expected to benefit Ethereum. BlackRock's iShares Ethereum Trust led the charge, contributing $1.29 billion and becoming the third-fastest fund to reach $10 billion in assets under management in ETF history. The growing popularity of Ethereum treasury companies and recent price increases have further fueled this trend. Experts predict that while the momentum for Ethereum may continue short-term, Bitcoin ETFs are likely to regain interest from investors as major financial platforms begin offering them later in the year. Overall, this week marked a significant shift in the crypto ETF landscape, with Ethereum demonstrating remarkable demand and investor interest.
Source š