Ethereum News Today: Ethereum ETFs Outpace Bitcoin With $2.9 Billion Weekly Inflows

Ethereum-based exchange-traded funds (ETFs) have recently captured significant market attention, driven by record inflows that outpaced Bitcoin offerings. According to Bloomberg analysts, Ethereum ETFs earned the title of “ETF of the Month” for their strong performance last month [1]. This trend continued with a reported $2.9 billion in weekly inflows for Ethereum ETFs as of August 18, significantly outperforming Bitcoin ETFs, which recorded $178 million in inflows on the same day [2]. On August 16, Ethereum ETFs saw over $729 million in inflows [3], highlighting the consistent nature of the momentum behind these products.

The inflow surge marks a reversal in the traditionally Bitcoin-dominant ETF landscape. Ethereum’s smart contract capabilities and broader adoption in decentralized finance (DeFi) and non-fungible token (NFT) ecosystems appear to be key drivers of renewed investor interest. While Bitcoin ETFs remain substantial in scale, they have not matched the velocity of Ethereum-based products, indicating a diversification of the crypto market’s appeal.

Analysts have pointed to institutional acceptance as a critical factor in Ethereum ETF growth. Eric Balchunas attributed this to BitMine’s $6.6 billion ETH treasury, which he argued has acted as a catalyst for institutional adoption [1]. Bitget Wallet’s CMO, Jamie Elkaleh, also noted that despite short-term market turbulence, institutional inflows into ETFs continue to provide a structural bid. He emphasized that current demand for Ethereum ETFs is stronger compared to previous investment cycles [1].

The surge in Ethereum ETFs is reshaping opportunities in the market. Wholesalers are now able to offer Ethereum-based products at scale, and funds like NEOS’ High Income Ethereum ETF are leveraging this momentum to create more aggressive investment strategies supported by deep liquidity. With ETFs pulling billions into Ethereum, analysts say institutional adoption is creating a new foundation for growth—potentially rivaling Bitcoin’s “digital gold” narrative in the long term [1].

Brevan Howard, a prominent investment firm, increased its exposure to Bitcoin through a $2.3 billion stake in BlackRock’s ETF. However, Ethereum’s inflows still outpaced Bitcoin’s by a substantial margin [2], signaling a broader allocation of capital across the crypto asset class by institutional investors.

Ether (ETH) has seen a 27% price increase, further reinforcing growing demand for Ethereum-based products [3]. A recent report by Kaiko suggested that Ethereum may surpass Bitcoin in key metrics, indicating a shift in investor sentiment toward altcoins and Layer 1 chains [4].

Sources:

[1] title: Ethereum ETFs Explode With Record Inflows, Outshining Bitcoin (url: https://coindoo.com/ethereum-etfs-explode-with-record-inflows-outshining-bitcoin/)

[2] title: Ethereum and XRP Price Set to Explode This Alt Season. $... (url: https://coincentral.com/ethereum-and-xrp-price-set-to-explode-this-alt-season-lbrett-ready-to-outshine-both/)

[3] title: Bitcoin: News & Updates - CryptoDnes EN (url: https://cryptodnes.bg/en/tag/bitcoin/)

[4] title: Bitcoin: News & Updates - Page 75 of 78 - CryptoDnes EN (url: https://cryptodnes.bg/en/tag/bitcoin/page/75/)