Ethereum ETFs Massively Outpace Bitcoin Funds—Why ETH Demand Is Surging
This week, Ethereum ETFs saw over $1.8 billion in investments, significantly surpassing Bitcoin funds, which attracted only $70 million. The surge in interest for Ethereum comes amid positive momentum following the passage of the GENIUS Act stablecoin bill, which is expected to benefit ETH transactions. Notably, BlackRock's iShares Ethereum Trust (ETHA) led the charge with $1.29 billion in inflows, becoming the fastest fund to reach $10 billion in assets under management. In contrast, Bitcoin ETFs are experiencing slower growth, with three out of five days showing net outflows. Experts suggest that although Ethereum is presently outperforming Bitcoin in terms of investment inflows, Bitcoin ETFs might regain popularity later this year, especially as major financial institutions begin offering them. The Ethereum funds' recent performance indicates a possible shift in investor sentiment, reflecting growing confidence in ETH as a dominant digital asset.
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