The sales of the US spot Ethereum exchange-traded fund (ETF) are booming, attracting more than ten times the capital inflow of its spot Bitcoin counterparts in the past five trading days.
According to CoinGlass data, since last Thursday, the capital inflow for the spot Ethereum ETF has reached $1.83 billion. In the same period, Bitcoin funds only saw an inflow of $171 million, just one-tenth of the former.
On the latest trading day (Wednesday), nine Ethereum (ETH) funds saw a single-day capital inflow of $310 million, while eleven spot Bitcoin (BTC) funds had only $81.1 million during the same period.
This week, Ethereum's recovery speed is significantly faster than Bitcoin's, with the ETH price rising 5% since Tuesday's low, while Bitcoin only increased by 2.8% in the same timeframe.
Industry observers, including Ethereum educator and investor Anthony Sassano, have noted the significant capital flow towards Ethereum, with Sassano describing this phenomenon as "brutal."
At the same time, Nate Geraci, president of NovaDius Wealth Management, pointed out that since early July, the capital inflow for the spot Ethereum ETF has approached $10 billion.
Since its launch 13 months ago, the spot Ethereum ETF has accumulated a total capital inflow of $13.6 billion, with most of it concentrated in recent months.
The spot Bitcoin ETF has been on the market longer, trading for 20 months, with a total capital inflow of $54 billion.
Since the passage of the GENIUS Act stablecoin legislation in July, market momentum seems to be shifting towards the Ethereum network, as it holds the largest market share in the stablecoin and real asset tokenization sectors.
Jan van Eck, CEO of VanEck, stated this week on Fox Business Channel: "This is what I call Wall Street tokens."
Bloomberg ETF analyst James Seyffart reported that investment advisors are the largest holders of the Ethereum ETF, with a total exposure of $1.3 billion. According to SEC filings, Goldman Sachs is the largest holder, with an exposure of $712 million.
According to CoinGecko data, ETH's price fell by 1.2% on the day to $4,560.
Related: Tron’s fee reduction proposal is nearing approval, with strong voting momentum.
Original article: “Ethereum (ETH) ETF Captured 10x More Inflows Than Bitcoin (BTC) in Last 5 Days”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
