Ethereum ETFs have overtaken Bitcoin funds this week, attracting over $1.8 billion in investments while Bitcoin funds garnered only $70 million, marking a significant shift in market interest. This surge is attributed to the recent passage of the GENIUS Act stablecoin bill, increasing enthusiasm for Ethereum, particularly as it serves as a primary platform for stablecoin transactions. The BlackRock iShares Ethereum Trust led this influx, adding $1.29 billion and reaching $10 billion in assets under management in just 251 days. Given Ethereum's recent price increases and a growing appetite for diversifying portfolios, many investors are shifting towards Ethereum ETFs. Analysts believe that although this momentum may continue in the short term, Bitcoin ETFs could regain interest later in the year as major platforms begin offering them again, potentially reversing current trends.

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