Ethereum exchange-traded funds (ETFs) recorded positive inflows for the third consecutive day, with net inflows of approximately $443.9 million during Monday's trading, surpassing Bitcoin funds during the same period.
According to data from the SoSoValue platform, BlackRock's ETHA fund topped the daily inflows with over $314.9 million, followed by Fidelity's FETH fund with inflows of $87.4 million.
Other funds, including Bitwise, 21Shares, Invesco, and Grayscale's Mini Ethereum Trust, also witnessed positive inflows that boosted investment momentum around Ethereum.
Notably, the inflow volume towards Ethereum exchange-traded funds that day was more than double the inflows attracted by Bitcoin exchange-traded funds, reflecting a clear shift in institutional capital trends towards Ethereum as a promising investment asset.
Nick Rock, the research director at LVRG, stated that Ethereum exchange-traded funds continue to outperform their Bitcoin counterparts "thanks to their yield generation mechanisms, regulatory clarity, and increasing use in institutional treasury bonds."
Analysts believe that this performance enhances Ethereum's position in the digital asset market, especially amid ongoing global interest in developing its applications in decentralized finance (DeFi) and smart contracts, which may provide it with an additional competitive advantage over Bitcoin in the upcoming phase.
