Ethereum ETFs Outshine Bitcoin in Weekly Fund Flows
For seven straight days, Ethereum spot ETFs have lured in more cash compared to Bitcoin ETFs, showing a clear change in investor choices.
In the week from August 21 to 27, Ethereum ETFs grabbed $1.83 billion. Simultaneously occurring, Bitcoin ETFs only brought in $171 million, according to SoSoValue data.
This week-long surge for ETH ETFs comes with price growth. It reached nearly $4,950, then settled around $4,600, rising 19% monthly.
Comparatively, Bitcoin trades above $113,000, but fell 5% this month.
In August alone, Ethereum ETFs attracted nearly $3.7 billion, while Bitcoin ETFs saw a withdrawal of $803.4 million.
the jump comes despite Ethereum having a smaller market cap. Investor interest appears to lean towards ETH due to growth potential.
- Ethereum ETF assets under management grew by almost 58% in the last 30 days.
- Bitcoin ETFs declined by about 10.7% over the same period.
Corporate entities favor ETH, purchasing it more than Bitcoin recently.
Upcoming U.S. economic data might affect these trends. ETFs may leave room for public investment in developing crypto markets.
