Ethereum ETFs Massively Outpace Bitcoin Funds—Why ETH Demand Is Surging
Ethereum ETFs saw a surge this week, attracting over $1.8 billion in investments, while Bitcoin funds managed only $70 million in inflows. This disparity highlights a growing interest in Ethereum, particularly as the U.S. recently passed a stablecoin bill expected to benefit its ecosystem. The asset management firm Bitwise noted significant recent net inflows for Ethereum funds, driven by the growing dominance of ETH in market sentiments. BlackRock's iShares Ethereum Trust led the charge, adding $1.29 billion to its assets, making it the fastest ETF to reach $10 billion under management, according to Bloomberg. Meanwhile, Bitcoin funds experienced slight outflows on some days, revealing a noticeable shift in investor focus. Analysts suggest this trend could continue as more institutions consider Ethereum as a viable investment, although it is anticipated that Bitcoin ETFs may regain traction later in the year.
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