Spot Ethereum ETFs saw a significant uptick this week, attracting over $1.8 billion in investments compared to just $70 million for Bitcoin funds. This shift marks a departure from Bitcoin’s historical dominance in ETF flows, highlighting growing interest in Ethereum, particularly following the recent passage of the GENIUS Act stablecoin bill, which benefits Ethereum as a dominant platform for stablecoin transactions. BlackRock’s iShares Ethereum Trust led the charge, adding $1.29 billion and reaching $10 billion in assets under management much faster than its Bitcoin counterparts. Experts suggest that interest diversification among investors has driven this change, with Ethereum now viewed as a strong alternative investment. While momentum is expected to continue for Ethereum ETFs, analysts anticipate that Bitcoin ETFs may regain favor later in the year as major financial institutions begin offering them. Investors are currently motivated by recent price surges in Ethereum, which has appreciated over 50% in the past month, even after a slight dip from its recent highs.

Source 🔗