Ethereum exchange-traded funds (ETFs) on U.S. exchanges experienced strong investment inflows for the third consecutive day, recording net positive inflows of approximately $443.9 million during Monday's trading, surpassing Bitcoin funds in the same period.
According to SoSoValue data, BlackRock's ETHA fund topped the daily inflow list, attracting over $314.9 million, followed by Fidelity's FETH fund with inflows of $87.44 million. Other funds such as Bitwise, 21Shares Mini Ethereum Trust, Invesco, and Grayscale also recorded positive inflows that boosted investment momentum around Ethereum.
Notably, inflows to Ethereum funds on that day were more than double the inflows recorded in Bitcoin funds, reflecting a growing shift in institutional capital towards Ethereum as a promising investment asset.
According to a statement from Nick Rock, the research director at LVRG, Ethereum exchange-traded funds continue to outperform Bitcoin funds "thanks to their flexibility in generating returns, the clarity of regulatory frameworks, and the expansion of their use in institutional treasury bonds."
Analysts see this performance as strengthening Ethereum's position in the digital asset market, especially with the ongoing global interest in developing its applications in decentralized finance (DeFi) and smart contracts, which may provide it with an additional competitive edge over Bitcoin in the upcoming period.