Spot Ethereum ETFs saw a surge this week, attracting over $1.8 billion in investments, while Bitcoin funds managed to collect only $70 million. This marks a significant shift in investor interest towards Ethereum, spurred by the anticipated benefits of the recently passed GENIUS Act stablecoin bill. Ethereum's prominence as the second-largest cryptocurrency is driving diversification among investors who traditionally hold Bitcoin. BlackRock’s iShares Ethereum Trust (ETHA) led the gains with $1.29 billion added, becoming one of the fastest funds to reach $10 billion in assets under management. Analysts suggest that while Ethereum ETFs are currently performing strongly, the upcoming availability of Bitcoin ETFs on key trading platforms could shift investor focus back towards Bitcoin in the latter half of the year. Despite fluctuations, Ethereum's recent price increase and ETF successes underscore its growing appeal in the crypto market.

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