Daily Inflow of Ethereum ETF Surpasses Bitcoin, What Does It Indicate?


Exchange-Traded Fund (ETF) Ethereum (ETH) recorded a fund inflow (inflow) for 18 consecutive days. In fact, in the last 2 trading days, the inflow of the Ethereum ETF successfully outperformed Bitcoin (BTC).
Specifically, on Wednesday (11/06), the Ether ETF received funding of US$240 million, while the Bitcoin ETF only recorded an inflow of US$164 million. The following day was not much different, where the inflow of the ETH ETF was greater than that of the BTC ETF, as reported by Coinglass, Friday (13/06).
The iShares Ethereum Trust (ETHA), BlackRock's Ethereum ETF, is in the spotlight with a new fund addition of US$163.6 million and total holdings exceeding 1.55 million ETH.
Currently, the managed funds of ETHA have surpassed US$4.23 billion and recorded total inflows of more than US$5 billion since its launch.
ETF Store President Nate Geraci described this trend as extraordinary because there are no staking or direct redemption features yet.
"Ethereum has recorded large inflows for 18 consecutive days, and this is just the beginning," he said.
Furthermore, according to LVRG Research Director Nick Ruck, signals from the SEC regarding the possibility of DeFi-friendly regulations make ETH increasingly attractive to investors.
Despite its price dropping to $2,500, Ethereum continues to demonstrate resilience with support from innovations like the Pectra update, making it a primary alternative as Bitcoin's dominance begins to feel saturated.
ETH-0.1%
BTC-0.34%
MANA-0.85%
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Ryakpandavip
· 06-13 09:16
Hold on tight, we're about to To da moon 🛫
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