Ethereum ETF Inflows Spike, Bitcoin ETFs See Outflows

Institutional investors are showing increased confidence in Ethereum ETFs, with inflows surging to $287.6 million on August 21st. This contrasts sharply with Bitcoin ETF outflows of $194.4 million on the same day. The shift suggests that many are shifting their capital from Bitcoin to Ethereum, potentially anticipating regulatory changes and ETH’s continued dominance in smart contract technology. Several factors might be driving this trend, including growing talk of an approved spot ETH ETF and Ethereum’s ongoing leadership in blockchain development.