Daily Inflow of Ethereum ETF Surpasses Bitcoin, What Does It Mean?
The Ethereum (ETH) Exchange-Traded Fund (ETF) has recorded inflows for 18 consecutive days. In fact, in the last 2 trading days, the inflow of the Ethereum ETF has outperformed Bitcoin (BTC).
Specifically, on Wednesday (June 11), the Ether ETF received $240 million in funds, while the Bitcoin ETF only recorded inflows of $164 million. The following day was not much different, with the inflow of the ETH ETF being larger than that of the BTC ETF, according to Coinglass on Friday (June 13).
Furthermore, the iShares Ethereum Trust (ETHA), BlackRock's Ethereum ETF, has attracted attention with a new addition of $163.6 million and total holdings exceeding 1.55 million ETH.
Currently, the assets under management of ETHA have surpassed $4.23 billion and have recorded total inflows of over $5 billion since its launch.
ETF Store President Nate Geraci described this trend as extraordinary because there are no staking features or direct redemptions yet.
"Ethereum has seen significant inflows for 18 consecutive days, and this is just the beginning," he said.
Moreover, according to LVRG Research Director Nick Ruck, signals from the SEC regarding potential DeFi-friendly regulations make ETH increasingly attractive in the eyes of investors.
Although its price is currently down to $2,500, Ethereum continues to show resilience with support from innovations like the Pectra update, making it a primary alternative as Bitcoin's dominance begins to feel saturated.
