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Ethereum ETFs Attract More Investments than Bitcoin

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by Giorgi Kostiuk

6 hours ago

Since early August, Ethereum ETFs have shown significant growth in investment inflows, outperforming Bitcoin in this metric.

Institutional Investor Interest

As of August 21, Ethereum ETFs have brought in $1.83 billion, while Bitcoin ETFs have attracted only $171 million. Just on Wednesday, nine Ether funds registered $310.3 million, whereas Bitcoin's 11 funds combined raised only $81.1 million.

Ethereum Market

Ethereum's price rose by 5% this week, compared to a 2.8% increase for Bitcoin. Ethereum supporter Anthony Sassano described the trend as 'brutal.' The rising demand has brought Ethereum ETFs close to $10 billion in flows in the last two months.

Investment Firms' Positions

According to SEC filings, investment advisers now hold the bulk of Ethereum ETF positions, with a total exposure of $1.3 billion, of which $712 million is attributed to Goldman Sachs.

Ethereum continues to strengthen its position as the asset of choice for institutional investors, even as Bitcoin maintains a larger market capitalization.

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