Ethereum ETFs Massively Outpace Bitcoin Funds—Why ETH Demand Is Surging
Spot Ethereum ETFs have significantly outperformed Bitcoin funds this week, attracting over $1.8 billion in new investments, while Bitcoin funds managed only $70 million. This trend marks a continued interest in Ethereum, propelled by the recent passage of a stablecoin bill, which is expected to favor Ethereum as the main platform for stablecoin transactions. Key players include BlackRock's iShares Ethereum Trust, which saw its assets double recently, contributing $1.29 billion. Analysts point to the growing diversity among investors seeking to balance their portfolios, with Ethereum being the sole other cryptocurrency available in ETF format. Despite Ethereum's recent price fluctuations, which saw it trading around $3,745, its significant inflows reflect broader market dynamics, including investor behavior that often follows price gains. This shift indicates a potential inflection point, with speculation that Ethereum funds may maintain momentum even as Bitcoin ETFs are expected to regain traction later in the year as major trading platforms begin offering Bitcoin options.
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