Ethereum ETFs Hit $1 Billion Record, Beating Bitcoin by a Mile
Investor interest in Ethereum (ETH) is exploding. On Monday, Spot Ether ETFs saw record-breaking net inflows of $1.02 billion, the highest ever. This huge number easily beat Bitcoin ETFs, which had $178 million in inflows on the same day, according to ZeroHedge.
The biggest winner was the Ethereum Trust ETF ($ETHA), pulling in $640 million in just one day — also a record. This shows more and more investors, from everyday traders to big institutions, are betting on Ethereum’s future.
Experts say BlackRock’s growing role in Ethereum ETFs is a major reason for this surge. Many big investors now see Ethereum as more than just Bitcoin’s little brother. With its key role in DeFi, smart contracts, and tokenization, Ethereum is becoming a must-have asset in the digital economy.
The fact that both Ether and Bitcoin ETFs saw strong inflows shows that overall, crypto market sentiment is bullish. Traders believe this could push prices higher, but it may also bring more ups and downs in the short term.
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Impact:
* Record ETH demand could push Ethereum prices higher soon.
* Big inflows may increase short-term price swings in crypto markets.
