Spot Ethereum ETFs experienced a significant surge, generating over $1.8 billion in investments, while Bitcoin funds saw only $70 million in new assets. This discrepancy highlights growing interest in Ethereum, attributed to the recent passing of the GENIUS Act stablecoin bill and the rise of Ethereum treasury companies. Despite Ethereum's past underperformance, its current price surge—up more than 50% over the past month—has attracted investors aiming for portfolio diversification. BlackRock's iShares Ethereum Trust led this charge, adding $1.29 billion in investments, reaching $10 billion in assets under management (AUM) faster than most other funds in ETF history. Experts suggest that while Ethereum funds are seeing strong short-term momentum, Bitcoin ETFs may regain traction later in the year as major platforms begin to offer them. This indicates an inflection point where Ethereum's appeal is rising significantly in the crypto ETF market.

Source 🔗