Spot Ethereum ETFs Surpass Bitcoin in Inflows for Several Days
Ethereum ETF Inflows Surpass Bitcoin
Recent data indicates that Ethereum is attracting more institutional interest than Bitcoin, as Spot Ethereum ETFs have recorded larger inflows. Key points include:
- On August 27, US-based Spot Ethereum ETFs saw net inflows of $307.2 million, totaling $13.64 billion in cumulative net flows.
- BlackRock’s iShares Ethereum Trust attracted $262.6 million, while Fidelity's FETH added $20.5 million.
- In contrast, Spot Bitcoin ETFs drew only $81.4 million in net inflows during the same period.
- Inflows on August 26 were $455 million for Ethereum against $88.1 million for Bitcoin.
- This trend has continued since mid-July when Ethereum first exceeded Bitcoin's daily inflows.
Price Action Comparison
Ethereum is experiencing stronger price momentum with an all-time high of $4,946 reached on August 24. Current trading is at $4,616. In comparison, Bitcoin is stable at $113,100 but lacks upward momentum, showing a range between $110,465 and $113,332.