Ether ETFs Explode: $729M Floods In as ETH Outshines Bitcoin in Stunning ETF Showdown
Wall Street's crypto love affair takes a sharp turn toward Ethereum—while Bitcoin ETFs scramble to keep up.
Move over, Bitcoin. Spot Ether ETFs just racked up a jaw-dropping $729 million in daily inflows, marking their second-best day ever. The surge leaves BTC products eating dust as institutional money pivots hard toward ETH.
Behind the numbers: Traders are betting big on Ethereum's deflationary mechanics and staking yields—something Bitcoin's digital gold narrative can't match. Meanwhile, legacy finance quietly mutters about 'asset diversification' while chasing the hotter returns.
One cynical take: Nothing unites bankers and degens like chasing the next shiny APY. This time, it's wrapped in an SEC-approved package.
Ethereum ETFs Pull $2.2B in Three Days, Outpacing Bitcoin Sevenfold
Ethereum’s momentum is dwarfing Bitcoin’s. Data shows ETH ETFs attracted $704 million on Wednesday compared to just $86.7 million for Bitcoin funds.
Over the past three days, ethereum products have taken in $2.2 billion, nearly seven times the $330.9 million added to Bitcoin ETFs.
The surge has pushed ETH’s price to $4,775 as of early Thursday, within 4% of its November 2021 all-time high NEAR $4,900, per CoinGecko.
The token is up more than 60% over the past month. The rally has punished bearish traders, with $127.4 million in short positions liquidated over 24 hours, according to CoinGlass.
Spot ETH ETFs post 3rd best inflow day ever…
Over $700mil.
3 of top 6 inflow days since launch have come *this week*.
$3bil new $$$ over past 7 trading sessions.
On another heater.
Institutional demand is contributing to a growing supply squeeze. Monthly Ethereum ETF inflows have reached $2.3 billion, equivalent to 500,000 ETH, while only 450,000 ETH has been issued since the September 2022 merge upgrade.
Crypto treasury firms are also stepping up purchases. BitMine Immersion, the world’s largest corporate holder of Ethereum, disclosed plans to increase its fundraising target by $20 billion, to $24.5 billion in total, for further ETH acquisitions. The MOVE marks a sharp expansion from its previous $4.5 billion stock offering.
Buterin Warns Against Risks Behind ETH Treasury Boom
While ETH’s latest run has been bolstered by institutional inflows and corporate treasuries holding Ether, Buterin has voiced caution over the trend.
In a recent interview, he warned that excessive leverage within ETH treasuries could pose long-term risks.
“If you woke me up three years from now and told me that treasuries led to the downfall of ETH… my guess WOULD basically be that somehow they turned it into an overleveraged game,” he said.
Meanwhile, bitcoin advocate Samson Mow has suggested that Ethereum’s latest rally could be setting up a reversal, with capital eventually flowing back into Bitcoin.
Mow, CEO of Bitcoin adoption firm Jan3, claimed that many long-term ETH holders, particularly early insiders from the ICO era, already own significant amounts of Bitcoin.
According to him, these investors are rotating BTC into ETH to “pump it on new narratives” such as the emergence of Ethereum treasury companies.
Once prices rise sufficiently, he predicts they will sell their ETH, leaving “new generational bagholders,” and move the profits back into Bitcoin. “No one wants ETH in the long run,” he said.
He also warned that it could be “challenging” for Ether to surpass its previous all-time high, arguing that the closer the market gets to that psychological level, the stronger the incentive to sell, what he called the “Bagholder’s Dilemma.”
