Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls
Summary
Ethereum spot exchange-traded funds (ETFs) experienced significant inflows, totaling 154,000 ETH this week, which is five times the recent average. This surge indicates strong demand from traditional investors for Ethereum, as these ETFs provide a familiar investment route without direct ownership of the asset. In contrast, Bitcoin spot ETFs saw only 7,800 BTC in inflows this week, which, while above average, is considerably lower than previous highs. Bitcoin's momentum has slowed, with last week recording a negative netflow. Despite the inflows, Ethereum's price has declined to $2,540, a 7% drop, while Bitcoin's price fell by 2%.
