This week, nine Ethereum ETFs listed on U.S. exchanges recorded significant inflows, vastly outperforming Bitcoin funds.
Impact of Ethereum ETFs
Nine Ethereum ETFs on U.S. exchanges absorbed 45,980 ETH in net inflows over the past week, greatly exceeding Bitcoin's 7,726 BTC inflows. In a 24-hour period, Ethereum ETFs added 16,509 ETH compared to 2,226 BTC for Bitcoin, indicating an aggressive institutional rotation.
Comparison with Bitcoin ETFs
Ethereum ETFs continue to show growth, while Bitcoin ETFs are providing mixed signals. According to Lookonchain, the iShares (BlackRock) recorded a weekly net inflow of 29,355 ETH and daily gains of 4,539 ETH, whereas Grayscale's Bitcoin Trust reported a significant outflow of 1,187 BTC in just one day.
Shifting Institutional Investments
Data indicates a growing preference among institutional investors for Ethereum. Currently, Ethereum ETFs manage 4.12 million ETH, worth approximately $10.83 billion, compared to 1.25 million BTC across all Bitcoin ETFs. This suggests a substantial reallocation of assets from Bitcoin to Ethereum.
The surge in inflows to Ethereum ETFs underscores the changing dynamics of institutional investments in crypto assets, with Ethereum starting to take a more prominent position compared to Bitcoin.
