Daily Inflow of Ethereum ETF Surpasses Bitcoin, What Does It Mean?, The Ethereum (ETH) Exchange-Traded Fund (ETF) has recorded inflows for 18 consecutive days. In fact, in the last 2 trading days, the inflow of the Ethereum ETF has successfully outperformed Bitcoin (BTC).
Specifically, on Wednesday (11/06), the Ether ETF received funds amounting to US$240 million, while the Bitcoin ETF only recorded an inflow of US$164 million. The following day was not much different, where the inflow of the ETH ETF was greater than that of the BTC ETF, according to Coinglass, Friday (13/06).
Moreover, the iShares Ethereum Trust (ETHA), BlackRock's Ethereum ETF, has attracted attention with an additional new fund of US$163.6 million and total holdings exceeding 1.55 million ETH.
Currently, the assets under management of ETHA have surpassed US$4.23 billion and recorded total inflows of more than US$5 billion since its launch.
ETF Store President Nate Geraci described this trend as remarkable because there is no staking or direct redemption feature yet.
"It has been 18 consecutive days of significant inflows into Ethereum, and this is just the beginning," he stated.
Furthermore, according to LVRG Research Director Nick Ruck, signals from the SEC regarding potential DeFi-friendly regulations make ETH increasingly attractive in the eyes of investors.
Although its price is currently down to US$2,500, Ethereum continues to show resilience with innovations such as the Pectra update, making it a primary alternative as Bitcoin's dominance begins to feel saturated.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
Image Source: Sygnum Bank
