Spot Ethereum ETF trading is booming, with inflows over the past five trading days more than ten times those of Bitcoin.
Since the passage of the GENIUS Stablecoin Act in July, market momentum appears to be shifting toward Ethereum.
Since the passage of the GENIUS Stablecoin Act in July, market momentum appears to be shifting toward Ethereum.
Written by: He Hao
Source: Wallstreetcn
Spot Ethereum ETFs are trading actively in the United States, with inflows over the past five trading days exceeding ten times those of spot Bitcoin ETFs. According to CoinGlass data, since August 21, spot Ethereum ETFs have recorded inflows as high as 1.83 billions USD, while Bitcoin ETFs have only seen 171 millions USD in the same period, less than 1/10 of Ethereum's inflows.
This trend continued on Wednesday: 9 Ethereum ETFs saw inflows of 310.3 millions USD, while 11 spot Bitcoin ETFs only recorded 81.1 millions USD.
Since the beginning of this week, Ethereum's price rebound has also outpaced that of Bitcoin.
This large-scale capital shift toward Ethereum has drawn the attention of industry observers. Industry insiders describe this change as extremely intense. Since early July, spot Ethereum ETF inflows have approached 10 billions USD.
Spot Ethereum ETFs have been trading for 13 months, with cumulative inflows reaching 13.6 billions USD, most of which have come in the past few months. In contrast, spot Bitcoin ETFs have been listed for a longer period, trading for 20 months, with total assets under management (AUM) of 54 billions USD.
Since the passage of the GENIUS Stablecoin Act in July, market momentum appears to be shifting toward Ethereum. The reason is that the Ethereum network holds the largest share of the stablecoin and real-world asset tokenization market. VanEck CEO Jan van Eck stated this week, "This fits perfectly with what I call Wall Street tokens."
According to a report by Bloomberg ETF analyst James Seyffart, investment advisors are the largest holders of Ethereum ETFs, with holdings reaching 1.3 billions USD. According to SEC filings, Goldman Sachs is among the top holders, with holdings of 712 millions USD.
The scale of digital currency ETFs is growing rapidly. Looking only at the largest Bitcoin ETF, IBIT, its AUM is rapidly approaching that of the world's largest gold ETF, GLD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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