Ethereum ETFs Massively Outpace Bitcoin Funds—Why ETH Demand Is Surging
Spot Ethereum ETFs saw a notable surge this week, garnering over $1.8 billion in investments, while Bitcoin funds added only $70 million. This week marked a continued positive trend, as Ethereum attracted investors amidst a recent price escalation and more favorable regulatory conditions following the passage of the GENIUS Act stablecoin bill. BlackRock’s iShares Ethereum Trust led the charge, boosting its assets under management to $10 billion in record time, significantly outperforming Bitcoin funds. This shift indicates growing interest in Ethereum, particularly among investors looking to diversify their portfolios. Experts suggest that while Ethereum is currently seeing increased flows, Bitcoin ETFs may regain dominance later in the year as major financial institutions begin to offer Bitcoin trading options. Overall, Ethereum's momentum demonstrates a shift in investor focus within the cryptocurrency market, at least in the short term.
Source 🔗