Spot Ethereum ETFs see heated trading, attracting over ten times more capital than Bitcoin ETFs in the past five trading days
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Spot Ethereum ETFs see heated trading, attracting over ten times more capital than Bitcoin ETFs in the past five trading days
Since the passage of the GENIUS Stablecoin Bill in July, market momentum appears to be shifting toward Ethereum.
Navigating Web3 tides with focused insightsBy He Hao, Wall Street Insights
Ethereum spot ETFs are surging in U.S. trading, attracting more than ten times the capital inflows of bitcoin spot ETFs over the past five trading sessions. According to CoinGlass data, since August 21, ethereum spot ETFs have recorded inflows as high as $1.83 billion, while bitcoin ETFs saw only $171 million—less than one-tenth of ethereum's total.
The trend continued on Wednesday: nine ethereum ETFs pulled in $310.3 million, compared to just $81.1 million across 11 bitcoin spot ETFs.
Since the beginning of this week, ethereum’s price rebound has also outpaced bitcoin’s.
This massive shift toward ethereum has caught the attention of industry observers. Insiders describe the change as extremely intense. Since early July, inflows into spot ethereum ETFs have neared $10 billion.
Ethereum spot ETFs have been trading for 13 months, accumulating $13.6 billion in total inflows, with the majority arriving in recent months. In comparison, bitcoin spot ETFs have been available longer—20 months—and hold $54 billion in total assets under management (AUM).
Since the passage of the GENIUS Stablecoin Bill in July, market momentum appears to be shifting toward ethereum. The reason is that the ethereum network dominates the stablecoin and real-world asset tokenization markets. This week, VanEck CEO Jan van Eck said, "This fits perfectly with what I call Wall Street tokens."
According to Bloomberg ETF analyst James Seyffart, investment advisors are the largest holders of ethereum ETFs, with positions totaling $1.3 billion. SEC filings show Goldman Sachs is among the top holders, with a stake of $712 million.
Digital currency ETFs are growing rapidly. Just looking at the largest bitcoin ETF, IBIT, its AUM is quickly approaching that of the world’s largest gold ETF, GLD.
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