Spot Ethereum exchange-traded funds (ETFs) have seen a remarkable surge, generating over $1.8 billion in net inflows this week, vastly outperforming Bitcoin funds, which saw an increase of only $70 million. This trend reflects a growing interest in Ethereum, particularly following the passage of the GENIUS Act stablecoin bill and the rise of Ethereum treasury companies. Notably, BlackRock's iShares Ethereum Trust has reached $10 billion in assets under management, making it the third-fastest fund to reach that milestone in ETF history. The increased demand is partly attributed to investors diversifying their portfolios as Ethereum proves to be a viable alternative to Bitcoin. Although Ethereum ETFs have recently eclipsed Bitcoin, some analysts predict a potential shift back to Bitcoin in the latter half of the year, as major investment platforms begin to offer Bitcoin ETFs more broadly.

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