Ethereum ETFs have significantly outperformed Bitcoin funds this week, generating over $1.8 billion in investments compared to just $70 million for Bitcoin. This trend is largely attributed to rising interest in Ethereum following legislative developments, including the passage of a bill that is expected to enhance the usage of stablecoins on the Ethereum network. The BlackRock iShares Ethereum Trust (ETHA) has notably led this surge, reaching $10 billion in assets under management in just 251 days. Analysts believe the recent price surge of Ethereum and the increased appetite for diversification among investors are key factors driving this momentum. Despite the current trend favoring Ethereum, some experts anticipate a rebound in Bitcoin ETF interest later this year as major financial platforms begin to offer Bitcoin trading options. Overall, Ethereum’s recent performance positions it favorably amidst evolving market dynamics, suggesting continued interest and investment in the near term.

Source 🔗