Can Ethereum Overtake Bitcoin in ETF Dominance?
Main Idea
Ethereum ETFs are gaining significant traction with record inflows, surpassing Bitcoin ETFs on some days, but Bitcoin still dominates overall institutional allocations.
Key Points
1. Ethereum ETFs saw a 9.92% increase in the last 24 hours, with Ether trading at $3,669.
2. Ether ETFs attracted $402.5 million in inflows, surpassing Bitcoin's $363.45 million, with total crypto ETF inflows reaching $766 million.
3. U.S. spot Ether ETFs drove unprecedented inflows, with Ethereum-focused treasuries holding $5.3 billion worth of ETH.
4. ETH ETFs have crossed $5.5 billion in inflows since their debut, with over $3.3 billion since mid-April.
5. Bitcoin ETFs still attract the bulk of institutional allocations, but Ethereum's inflows indicate shifting market sentiment.
Description
Ethereum exchange-traded funds (ETFs) are gaining traction, challenging Bitcoin’s long-held lead. Ethereum has recorded strong gains over the last 24 hours and is also seeing increasing interest from institutions. Ether has jumped by 9.92% and is now trading at $3,669, according to data from CoinMarketCap. For the second consecutive day posted on X, Ether leads
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