Ethereum ETF Surges, Compared to 90s Tech Stocks

According to Bloomberg analysts, Ethereum is increasingly resembling early tech stocks, while Bitcoin continues to play the role of 'digital gold.' These two assets represent distinctly different investment strategies.

The Ethereum ETF has just recorded its strongest month ever, with weekly net inflows reaching $1.8 billion, the second highest in history. To date, the cumulative net inflows for the Ethereum ETF have surpassed $9.62 billion. Just on Tuesday, these funds attracted $218 million in new capital, once again outpacing the Bitcoin ETF.

Notably, the iShares Ethereum Trust ETF (ETHA) is poised to become the fastest ETF in history to reach a $10 billion scale (excluding Bitcoin ETFs). Analyst Eric Balchunas stated, 'Without the existence of the Bitcoin ETF, ETHA would be the fastest ETF ever to reach $10 billion, achieving this even at double the speed. This crazy data shows how exaggerated it was when the Bitcoin ETF launched.'