This week, spot Ethereum exchange-traded funds (ETFs) experienced a significant boost, attracting over $1.8 billion in investments while Bitcoin funds saw only $70 million in inflows. This marks a pivot in investor sentiment as Ethereum continues to gain traction, especially following the recent passage of a stablecoin bill beneficial to the Ethereum ecosystem. Led by BlackRock's iShares Ethereum Trust, which alone added $1.29 billion and became the third-fastest fund to hit $10 billion in assets, the ETH ETFs enjoy a historical 16-day positive streak. The growing popularity of these funds reflects investors' desire for diversification, with Ethereum being the only other cryptocurrency available in ETF format besides Bitcoin. Notably, the interest in Ethereum follows a substantial price rise, up more than 50% in the past month. Experts predict that while Ethereum ETFs may maintain momentum in the short term, Bitcoin ETFs could see renewed investment later this year when major financial platforms start offering trading options.

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