Ethereum Capital Gains Surge as Institutional Investments Outpace Bitcoin

Last week saw a significant surge in institutional investment flows towards Ethereum, exceeding Bitcoin’s activity significantly. Data reveals that Ethereum attracted $2.87 billion in inflows, capturing 77% of the total market funds allocated to crypto assets last week. This dominance marks a notable shift away from Bitcoin, with its market share dropping below 60%. This trend is attributed to increased interest from U.S.-based regulated exchange-traded funds (ETFs). Notably, Blackrock’s iShares directed $3.2 billion towards Ethereum investments. 📈 💰