$ETH Inflow into ETH-ETF reached $1.8 billion, surpassing BTC
According to data, ETH-based ETFs attracted over $1.8 billion since August 21. This exceeds the corresponding figure of $388 million for BTC and reflects a sharp shift in institutional interest. Capital flows are increasingly favoring ETH over BTC.
Daily inflows into Ethereum-based ETFs remained consistently high throughout the week, peaking at $455 million on August 26.
At the same time, bitcoin-based ETFs struggled to maintain momentum. Moreover, they faced net outflows, including nearly $200 million withdrawn on August 21.
As a result, ETH showed stronger growth than BTC. It increased by 7% over the last week, while BTC decreased by 0.32%.
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Bullish bets on Ethereum are increasing:
The ratio of long to short positions in ETH exceeds 1, indicating a predominance of longs. According to data, it was 1.03 at the time of writing.
The metric shows the balance between traders betting on price increases (long positions) and those expecting declines (short positions). The current value above 1 indicates that traders in the derivatives markets support bullish momentum in the ETF segment and hope for an imminent bullish breakout.
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The daily chart for ETH/USD also confirms the bullish forecast. At the time of writing, the points of the Parabolic Stop and Reverse (SAR) indicator were positioned below the ETH price, providing dynamic support at the level of $4,225. The indicator helps determine the direction of the trend and possible reversals. If the points are below the price, it signals an upward trend and bullish momentum. If buying continues, this could lead to further price increases.
If the inflow of funds into ETH ETFs continues and bullish sentiment strengthens, the price of Ethereum could reach $4,957. However, if the inflow slows and buying activity weakens, the price may drop to $4,221.
