Spot Ethereum ETFs see $307 million in daily inflows, beating Bitcoin ETFs again
Quick Take Spot Ethereum ETFs in the U.S. reported $307 million in net inflows on Wednesday, while spot Bitcoin ETFs logged net inflows of $81.3 million. K33 analysts have said bitcoin may face continued weakness in the short term amid heavy rotations into Ethereum.
U.S. spot Ethereum exchange-traded funds saw $307 million in net inflows on Wednesday, continuing to outpace the net inflows reported by spot bitcoin ETFs.
BlackRock's ETHA led with $262.6 million in inflows, followed by Fidelity's FETH with $20.5 million, according to SoSoValue data . Grayscale's Mini Ethereum Trust and ETHE also posted inflows, along with VanEck's ETHV.
Meanwhile, spot bitcoin ETFs reported $81.3 million in inflows, marking their third consecutive day of inflows but still trailing behind spot Ethereum ETFs.
According to K33 analysts , bitcoin may face continued weakness in the near term, as heavy rotations into Ethereum leave the leading cryptocurrency exposed to further near-term declines.
Bitcoin climbed 2% over the past 24 hours to $113,307 as of 3:10 a.m. ET Thursday, while Ethereum was little changed, inching up 0.08% to $4,581, according to The Block’s price page .
The ETH/BTC ratio rose above 0.04 last week for the first time this year, according to TradingView data , highlighting Ethereum's relative strength.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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