Ethereum Spot ETFs Pass Bitcoin, Dem Don Pull $8.2B Since July
Ethereum ETFs don dey dominate crypto ETF inflows since July, dem don attract $8.2 billion across different issuers compared to $4.8 billion for Bitcoin ETFs. For August alone, Ethereum ETFs draw $2.8 billion, while Bitcoin ETFs face $1.2 billion outflows. One day, Ethereum funds register $337.6 million net inflows, wey reverse previous withdrawals. Even though Ethereum ETFs get $579 million weekly outflow last week—the biggest since dem launch—they bounce back the week before with $2.85 billion. These ETF inflows mirror Ether price rally to all-time high $4,887 on August 22 and dey trade near $4,750, up 8% week-on-week. Meanwhile, Bitcoin ETFs don log seven consecutive days net inflows, showing say investors still dey interested. The dual ETF momentum show say institutional adoption of crypto ETFs dey grow and e signal say market get broad confidence for Ethereum-linked products.
Bullish
Strong net inflows into Ethereum ETFs and sustained gains in Bitcoin ETFs dey show say institutional demand dey rise and investor confidence dey grow. For short time, if ETF inflows continue, e fit push more buying pressure for ETH, wey go support price momentum. For long run, steady capital waka go crypto ETFs dey suggest say market go adopt am well well and e go stable, wey go back bullish prospects for Ethereum-linked products.