This week, spot Ethereum ETFs generated over $1.8 billion in net inflows, outperforming Bitcoin funds that only added $70 million. This surge in interest is attributed to the passage of a stablecoin bill and an increase in Ethereum treasury companies. Investors are diversifying their portfolios by moving towards Ethereum as it is the only other major cryptocurrency available in spot ETF format. BlackRock's iShares Ethereum Trust led with $1.29 billion in investments, becoming the third-fastest fund to reach $10 billion in assets. Analysts note that while Ethereum has enjoyed significant inflows, Bitcoin may regain investor interest in the latter half of the year as major platforms start offering Bitcoin ETFs, potentially driving future flows back to Bitcoin. Currently, Ethereum's market performance is strong, with its price recently sitting at approximately $3,745, reflecting a substantial increase over the past month. There is an expectation that Ethereum funds will maintain their momentum for now, although the longer-term outlook may see a balance between the two cryptocurrencies.

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