Spot Ether funds pulled in $1.83 billion in just five days, dwarfing Bitcoin ETFs. Analysts say Wall Street’s attention is tilting toward Ethereum’s broader utility.
Spot Ether exchange-traded funds are selling like hot cakes in the US, attracting more than 10 times the inflows of their spot Bitcoin counterparts over the past five trading days.
Since Aug. 21, spot Ether ETFs have seen a whopping $1.83 billion in inflows, while Bitcoin funds took only a 10th of that with $171 million, according to CoinGlass.
The latest trading day on Wednesday continued the trend, with nine Ether (ETH) funds reaching $310.3 million in inflows, while the 11 spot Bitcoin (BTC) funds saw just $81.1 million.
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