Ethereum ETFs Boom, Compared to 1990s Tech Stocks

According to Bloomberg analysts, Ethereum is increasingly resembling an early-stage tech stock, while Bitcoin continues to play the role of "digital gold." These two assets represent two completely different investment strategies.

Ethereum ETFs have just recorded their strongest month in history, with the second-largest weekly net inflow of over $1.8 billion. So far, total net inflows into Ethereum ETFs have surpassed $9.62 billion. On Tuesday alone, these funds attracted an additional $218 million—outpacing Bitcoin ETFs for the day.

Notably, the iShares Ethereum Trust ETF (ETHA) is on track to become the fastest ETF in history to reach $10 billion in assets—excluding Bitcoin ETFs. Analyst Eric Balchunas remarked: “If Bitcoin ETFs didn’t exist, ETHA would be the fastest ETF to hit $10 billion—by double. That’s a mind-blowing stat showing just how explosive the Bitcoin ETF launches were.”

https://x.com/EricBalchunas/status/1950577171879096572