📍Ethereum ETF surpasses Bitcoin - marking the 18th consecutive day of positive inflow

📌 On June 11, Ethereum ETF funds recorded a $240M inflow - the largest amount in 4 months, even surpassing BTC's inflow on the same day of $165M. This also marks the 18th consecutive day that ETH has had positive inflow.

📌 The total inflow into ETH ETF has now reached ~$3.74B, with total assets under management up to ~$11.05B – equivalent to over 3.2% of ETH's market cap. BlackRock ETHA continues to lead with a $163M inflow in one day, indicating a clear shift in sentiment from BTC to ETH.

📌 There are many reasons to explain the upward trend (or at least the market thinks so):

– The Pectra upgrade significantly improves both UX and performance

– Open signals from the SEC towards DeFi

– Institutional money is shifting from a “store-of-value narrative” to an “on-chain growth narrative”

Perhaps it’s simply that BlackRock has started to move towards accumulating ETH, triggering market FOMO, while at the same time, the money flow is pricing $BTC with a lower ROI in the upcoming months compared to $ETH -> taking profits from BTC into ETH. This is also a sign that the market may be nearing the end of its cycle as money begins to choose coins with lower market capitalization, potentially after ETH, moving to major coins, and finally to shitcoins.