How is it possible that the Ethereum ETFs are doing better than Bitcoin? – PGz

This week Ethereum is the undisputed leader in terms of the momentum of the ETF market. Ethereum spot ETFs saw no less than 154,000 ETH in net inflow! And you know what, that is a lot better than how the Bitcoin ETFs are doing right now.

The data from Glassnode shows that this is a five -fold increase compared to the recent weekly average of Ethereum, which points to renewed institutional interest in the second largest cryptocurrency.

Ethereum ETF Influx reaches new height

The special figure was registered on 11 June, when no less than 77,000 ETH was added to Spot ETFs in one day – the biggest daily influx for ETH this month. This peak leaves a considerable increase in the demand for Ethereum-Supported Investment Products. This may be fed by the optimism around the technical progress of ETH and the increasing use in strike and Defi solutions.

With a weekly inflow of 154,000 ETH, this reflects a clear increase in the market sentiments, especially now that the price of Ethereum is close to the psychologically important level of $ 3,000.

Bitcoin ETF Momentum stagnates

In contrast, the Bitcoin spot ETFs registered this week only 7,800 BTC in total intake – number that is only slightly above average, but far below the peaks of May. For comparison: on 23 May we saw no less than 7,900 BTC of inflow into just one day, which clearly indicates that the inflow this week, although stable, no longer reflects the bullishe.

Bitcoin ETFs have issued mixed signals in recent weeks, with first a strong inflow, which was subsequently followed by a considerable outflow that was especially visible in June.

Keep following the inflow

Although Bitcoin ETFs remain a fundamental instrument for crypto investments, Ethereum is currently the one who steals the spotlight with a considerably stronger ETF intake.

At PGz we always keep you informed of the inflow of capital in the ETF market. Download the PGz app and stay informed.

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