Ethereum ETF funds have exploded in growth, while Bitcoin ETF funds are experiencing massive withdrawals! A new trend in the crypto market has arrived!
🚨 Major market change! On June 5, the inflow of funds into Ethereum ETFs reached an astonishing $57.91 million, far surpassing Bitcoin ETFs, with funds quickly flowing into the altcoin market! 📈 The massive transfer of funds means what? Ethereum is gradually surpassing Bitcoin, becoming the new darling of institutional investors! 🔥
🚀 Ethereum ETF funds are surging, and institutional investors are flocking in!
The Ethereum ETF has seen unprecedented inflows. On June 5 alone, BlackRock's ETHA fund absorbed over 27,000 ETH, with a total inflow of $57.91 million, bringing the total holdings of ETH ETFs to 3,756,929 ETH, worth up to $1.95 billion! 💰
Moreover, the total inflow of 9 Ethereum ETFs has surpassed 22,000 ETH, with a net inflow of 515,413 ETH over 7 days! This data indicates that the investment enthusiasm for Ethereum is surging, and market sentiment remains bullish! 📊
🏆 Institutional funds are pouring in, and ETH has become the new investment favorite!
Major institutions like Grayscale, Bitwise, and Fidelity continue to increase or adjust their ETH ETF positions, showing a strong interest in Ethereum. The daily net inflow of the BlackRock ETHA fund has surpassed 27,846 ETH, with holdings skyrocketing to 1,493,295 ETH. Ethereum is becoming the new "gold" in the eyes of institutional investors, serving as a high-beta alternative investment asset! 🔥
📈 ETH/BTC price chart suggests a bullish breakout!
From a technical perspective, the ETH/BTC chart has formed a typical triangular flag pattern, with the current price oscillating between 0.0500 and 0.0535. If it breaks the key resistance levels of 0.0580, 0.0600, and 0.0620, the price of Ethereum may see a new round of explosive growth! 🚀
🏦 Bitcoin ETF funds are experiencing massive outflows, shifting the market focus!
In contrast, the outflow of funds from Bitcoin ETFs is exceptionally significant. Fidelity's FBTC fund is losing 1,876 BTC daily, with weekly losses reaching up to 2,812 BTC, totaling nearly $530 million!
💡 Conclusion: Ethereum will become the new mainstream of the crypto market!
With the frenzy of institutional investors pouring in, Ethereum is gradually surpassing Bitcoin, becoming the hottest investment target in the crypto market!
