Ethereum ETFs Massively Outpace Bitcoin Funds—Why ETH Demand Is Surging
Spot Ethereum ETFs have gained significant traction, attracting over $1.8 billion in net inflows this week while Bitcoin funds saw only $70 million. This marked a notable shift in investor interest, with Ethereum's performance spurred by recent legislation, including the passage of a stablecoin bill which is advantageous for Ethereum's growth. Ric Edelman, founder of the Digital Assets Council of Financial Professionals, attributes the strong performance of Ethereum ETFs to overall diversification efforts among investors. BlackRock’s iShares Ethereum Trust led the charge with $1.29 billion in investments, highlighting the fund’s rapid ascent to $10 billion in assets under management. This surge in interest aligns with Ethereum's recent price surge, despite a slight decrease from its seven-month high. Experts predict a fluctuating landscape, where ETF inflows will continue for Ethereum in the short term but may revert back to Bitcoin as major trading platforms begin to offer Bitcoin ETFs more prominently.
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