Ethereum ETFs Generate 10x More Inflows Than Bitcoin ETFs
Spot ether ETFs are attracting inflows at a rate far exceeding their bitcoin counterparts, pulling in more than 10 times the capital over the last five trading days.
Since August 21, Ether ETFs have taken in $1.83 billion, while Bitcoin funds have managed just $171 million, according to CoinGlass. On Wednesday alone, nine Ether ETFs drew $310.3 million, compared to $81.1 million for 11 spot Bitcoin ETFs.
Surging demand for Ethereum ETFs
Ether has also outperformed bitcoin in price recovery this week, climbing 5% from its Tuesday low, while bitcoin rose only 2.8%. The scale of the shift led Ethereum educator and investor Anthony Sassano to call the move “brutal.”
Nate Geraci, president of NovaDius Wealth Management, noted that ether ETFs are now approaching $10 billion in inflows since July. In total, ether ETFs have accumulated $13.6 billion in inflows since launching 13 months ago, with the majority of growth occurring in recent months. In contrast, Bitcoin ETFs, which have traded for 20 months, have pulled in $54 billion overall.
Ethereum as the “Wall Street token”
Momentum has been shifting toward Ethereum since the passage of the GENIUS Act stablecoin legislation in July, given the network’s dominance in stablecoins and tokenized real-world assets.
VanEck CEO Jan van Eck said on Fox Business, “It’s very much what I call the Wall Street token.” Bloomberg ETF analyst James Seyffart added that investment advisers are the largest Ether ETF holders, with $1.3 billion in exposure, and SEC filings show Goldman Sachs leading with $712 million. Despite the strong demand, ether was down 1.2% on the day, trading at $4,560 at the time of writing, according to CoinGecko.
Sources:
https://cointelegraph.com/news/ether-etfs-captured-10x-more-inflows-than-bitcoin-in-last-5-days
https://x.com/NateGeraci/status/1960892072967463046
https://x.com/sassal0x/status/1960904362139770924
https://x.com/JSeyff/status/1960726566406651920