Spot Ethereum ETFs have experienced a significant surge, generating over $1.8 billion in investments this week, contrasting sharply with Bitcoin funds that only added $70 million in the same period. This growing interest in Ethereum comes amid the passage of the GENIUS Act, which is anticipated to benefit Ethereum due to its dominance in stablecoin transactions. BlackRock's iShares Ethereum Trust led the charge, raising $1.29 billion and becoming the third-fastest fund to reach $10 billion in assets under management. Experts highlight that investors are diversifying their portfolios and increasingly turning to Ethereum, which is viewed as a means to improve diversification amidst rising prices. This week marked a notable push for Ethereum assets, with a notable reversal in the usual dominance of Bitcoin ETFs. Analysts suggest that while Ethereum funds will likely maintain momentum in the short term, there may be a shift back to Bitcoin as major trading platforms begin to promote Bitcoin ETFs later in the year.

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