For the third consecutive day, Ethereum ETF inflows have surpassed those of Bitcoin, signaling a significant shift in institutional investment focus. This trend is fueled by major asset managers like BlackRock and Fidelity launching ETFs based on Ethereum. This indicates a growing attraction towards the platform’s utility, reflected in ETH seeing a 27% weekly price increase.
The surge in Ethereum ETF inflows contrasts with Bitcoin’s stagnant inflows, highlighting a strategic shift amongst institutional investors. This dynamic underscores Ethereum’s increasing relevance and its impact on market dynamics.
In fact, these inflows are driving momentum for the asset. BlackRock’s ETHA ETF recorded inflows of $639.79 million, followed by Fidelity’s FETH ETF adding $276.90 million. These sizable inflows highlight a shift in investment strategy towards Ethereum-based products.
Expert analysis suggests this trend mirrors the early days of Bitcoin, with past trends showing similar surges following initial approval for spot ETFs.