Ethereum ETFs have exceeded Bitcoin funds this week, attracting over $1.8 billion in net inflows, compared to just $70 million for Bitcoin funds. This surge in Ethereum interest comes alongside the passage of a stablecoin bill and the rise of Ethereum treasury companies. As of now, nine Ethereum ETFs have documented a positive flow for 16 consecutive days, a shift in investor dynamics where Ethereum, the second-largest cryptocurrency, gains favor over Bitcoin. BlackRock's iShares Ethereum Trust played a significant role, adding $1.29 billion and reaching $10 billion in assets under management in just 251 days, making it the third-fastest fund to reach that milestone. Analysts suggest the continued inflow into Ethereum ETFs reflects a desire for diversification among investors previously focused on Bitcoin. Notably, Ethereum has experienced a price surge, currently trading around $3,745, indicated by a notable increase in retail investment following recent price climbs. Experts predict that while Ethereum may currently outperform Bitcoin funds, renewed interest in Bitcoin is likely as major financial institutions prepare to offer Bitcoin ETFs again.

Source 🔗