Ether surpasses Bitcoin as ETF inflows and corporate purchases accelerate: JPMorgan
Ether has outperformed Bitcoin over the past month thanks to strong inflows into spot ETF funds and increasing corporate additions of Ether to their treasuries. According to JPMorgan, spot Ether ETFs attracted $5.4 billion in July, nearly matching the inflows into Bitcoin ETFs, while Bitcoin ETFs saw slight outflows as Ether funds continued to attract capital. The bank believes that holdings of Ether in both ETFs and corporate treasuries could increase, driven by expectations that the SEC will approve staking for Ether ETFs and clarity on regulations for liquid-staking tokens.