Ethereum ETFs have seen a significant influx of over $1.8 billion in investments this week, overshadowing Bitcoin funds that added only $70 million during the same period. This surge is attributed to growing interest in Ethereum following the passage of a stablecoin bill aimed at supporting Ethereum's role in stablecoin transactions. BlackRock's iShares Ethereum Trust led the way with $1.29 billion in new investments, becoming the fastest ETF to reach $10 billion in assets under management. Analysts suggest that while Ethereum currently enjoys strong momentum, Bitcoin funds may see renewed interest later this year as major financial platforms begin to offer Bitcoin ETFs. The growing popularity of Ethereum reflects a broader trend where investors increasingly buy into assets that have recently performed well, complicating their investment decisions historically. This shift indicates a shift in market dynamics within the cryptocurrency sector, highlighting Ethereum's rising significance over Bitcoin in the ETF market.

Source 🔗