Crypto ETF Investors Want 'Ethereum Over Bitcoin' Amid Surging Demand: CoinShares

Key Points

1. Ethereum-linked funds attracted $990 million in inflows over 12 weeks, with assets under management rising 19.5% to $19.6 billion.

2. Bitcoin-linked funds saw a 9.8% increase in assets under management to $176 billion over the same period.

3. Ethereum's price surged 85% but remains below its pandemic-era high of $4,900, while Bitcoin hit a new peak of $122,800 before retreating.

4. Solana-linked funds generated $92 million in inflows last week, while XRP-linked funds saw $104 million in outflows despite a 31% price increase.

5. The introduction of Ethereum ETFs in the U.S. has been more muted compared to Bitcoin, with $12.7 billion in assets under management.