Recent trading activity reveals a significant shift: investment firms in the United States are showing a stronger preference for spot Ether exchange-traded funds (ETFs) compared to Bitcoin ETFs. This heightened interest in Ethereum has become apparent over the past six trading days.
Data from Farside Investors indicates that spot Ether ETFs have attracted net inflows nearing $2.4 billion in the last six trading sessions. This figure considerably surpasses the $827 million recorded by spot Bitcoin ETFs during the same timeframe.
Notably, Ether ETF inflows have consistently exceeded those of Bitcoin ETFs for each of the last six trading days.
BlackRock’s iShares Ethereum ETF (ETHA) has emerged as the primary beneficiary of this new capital influx. The fund absorbed approximately $1.79 billion, representing almost 75% of the total inflow during the six-day period.
ETHA recently distinguished itself by becoming the third-fastest ETF to reach $10 billion in assets under management, accomplishing this milestone in just 251 trading days.
Meanwhile, the Fidelity Ethereum Fund (FETH) celebrated its best single-day performance on Thursday, experiencing a net inflow of $210 million. This surpassed its previous peak of $202 million on December 10, 2024, by a margin of 4%.
Related: Bitcoin, Ether ETFs clock second-biggest day of inflows on record
The increasing appetite for ETH among institutional investors has been building momentum in recent weeks.
BitMine Immersion Technologies’ substantial ETH acquisition, totaling $2 billion over a 16-day period, has positioned the company as the largest corporate holder of ETH.
Currently, corporations collectively hold 2.31 million ETH within their treasuries, accounting for approximately 1.91% of the total ETH in circulation, as reported by Strategic Ether Reserves .
Galaxy Digital CEO Michael Novogratz projects that the price of ETH will surge to $4,000. He also anticipates ETH to outperform BTC in the coming six months.
Novogratz emphasized that the significant ETH purchases by both BitMine Immersion Technologies and SharpLink Gaming could potentially trigger a supply shortage.
Bitcoin ETF Inflow Streak Ends in the US
After a sustained period of growth, spot Bitcoin ETFs in the United States experienced a reversal on Monday, halting a 12-day streak of net inflows. These ETFs saw a combined net outflow of $131 million. Prior to this, the 12-day inflow period totaled $6.6 billion.
Analysts at Swissblock research predict the continuation of this trend, suggesting that “ETH is transitioning into a leading position as the market cycle progresses.”
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