Spot Ethereum ETFs have generated over $1.8 billion in investments this week, significantly overshadowing the $70 million inflow of Bitcoin funds. This marks a notable trend where Ethereum has outperformed Bitcoin, likely driven by rising interest in Ethereum due to the recent passage of the GENIUS Act stablecoin bill, which favors Ethereum’s ecosystem. Investors are diversifying their portfolios with Ethereum as it becomes more accessible in ETF format. The iShares Ethereum Trust, managed by BlackRock, notably added $1.29 billion, reaching $10 billion in assets faster than most other funds. Despite short-term momentum for Ethereum, some analysts believe that interest may shift back to Bitcoin later this year as more financial platforms begin offering Bitcoin trading, potentially impacting Ethereum's current lead in ETF flows. As Ethereum’s price recently hovered around $3,745, there remains heightened investor activity fueling its market demand, leading to a stark contrast between the two leading cryptocurrency funds.

Source 🔗