Ethereum ETF demand surges, outpacing Bitcoin in the past 3 months

Investment funds related to Ethereum ($ETH ) are witnessing a surge in demand, surpassing Bitcoin funds ($BTC ) in growth rate over the past three months. Last week, Ethereum funds attracted $990 million in inflows, marking the 12th consecutive week of inflows.

Ethereum experiences strong growth, Bitcoin hits a new peak

According to CoinShares, assets under management (AUM) of Ethereum funds have increased by 19.5% to $19.6 billion over the past 12 weeks, while AUM of Bitcoin funds increased by 9.8% to $176 billion. This comes as the price of ETH first surpassed the $3,000 mark in 5 months, rising 85% in the last three months. Meanwhile, Bitcoin also reached a new peak of $122,800.

Although Bitcoin funds had an impressive ETF launch on Wall Street (managing over $148 billion in AUM), interest in Ethereum is rising sharply, with total inflows into crypto funds reaching $3.7 billion last week – the second-best week in history.

Solana grows, XRP faces withdrawal pressure

Funds related to Solana ($SOL ) attracted $92 million in inflows last week. In contrast, XRP funds saw withdrawals of $104 million despite a strong rise in XRP prices. However, this withdrawal is primarily concentrated in one fund and is not considered a concerning trend. #anhbacong