Ah, the fickle heart of the investor! In a revelation that’s as shocking as a winter’s snow in Siberia, US investors have decided to shower their affection on spot Ether exchange-traded funds, leaving their Bitcoin lovesick and abandoned, over the last six days, a period that seems longer than a Chekhovian monologue.
The Ether ETFs experienced a delightful net inflow of nearly $2.4 billion—far surpassing the old faithful Bitcoin ETFs, which languished with a mere $827 million to show for their efforts. According to our dear friends at Farside Investors, these figures paint a picture that is more stunning than the finest impressionist painting.
Amongst this financial merriment, BlackRock’s iShares Ethereum ETF (ETHA) emerged as the voracious beast, devouring a net inflow of $1.79 billion—making it responsible for about 75% of the joyous inflow. If one were to anthropomorphize these funds, ETHA would be the rich uncle at the family gathering, generously tossing out gifts to the eager relatives.
Remarkably, ETHA sprinted its way to becoming the third-quickest ETF to touch the substantial milestone of $10 billion in assets under management, achieving this in a mere 251 trading days. Truly, it’s as if a tortoise has sprinted past the hare in a race most unexpected!
On the other hand, the Fidelity Ethereum Fund (FETH) basked in the glow of its most glorious day last Thursday, reveling in a net inflow of $210 million, which it boasted as a record—a slight improvement over its previous offer of mere crumbs at $202 million on Dec. 10, 2024.
It seems the institutional appetite for ETH is becoming insatiable, a scene reminiscent of an opera filled with dramatic flair, where BitMine Immersion Technologies has boldly acquired $2 billion worth of ETH over the last 16 days. The plot thickens, for this maneuver has crowned them as the largest corporate holder of this coveted virtual commodity.
The count is now at 2.31 million ETH held by companies as part of their treasure troves, which constitutes 1.91% of ETH’s circulating supply. Quite the treasure hunt indeed! 🏴☠️
In the grand narrative, Galaxy Digital CEO Michael Novogratz predicts the price of ETH will breach the $4,000 mark! With a flair for theatricality, he suggests ETH will outshine BTC in the coming months, much like a star performer stealing the spotlight from a lackluster ensemble.
But! What is this? Monday brought a disheartening note as Bitcoin ETFs stumbled, breaking a 12-day inflow streak, resulting in a net outflow of $131 million. The once-bustling BTC realm now stands still, recalling a once-vibrant love story that has, with time, dulled into the mundane. Before this heart-wrenching revelation, the 12-day inflow had gathered a handsome $6.6 billion.
In these ever-turbulent tides of the market, Swissblock research presages that “ETH is rotating into leadership as the next leg of the cycle unfolds.” And what a cycle it is, ladies and gentlemen, full of intrigue, excitement, and just the right touch of farcical chaos! 🎭
Read More
- How Much Does a PS5 Equivalent PC Cost in 2025?
- Gold Rate Forecast
- xAI’s $300/month Grok 4, billed as a “maximally truth-seeking AI” — seemingly solicits Elon Musk’s opinion on controversial topics
- Xbox’s Forza Horizon 5 Sold an Outrageous 2 Million Copies on PS5 in a Month
- Ryan Lochte Gets Cozy With New Woman Amid Kayla Reid Divorce
- Lewis Capaldi Details “Mental Episode” That Led to Him “Convulsing”
- Why Stephen Baldwin Is “Blessed” By Justin & Hailey Bieber’s Marriage
- Microsoft has a new way to use AI in OneNote — but a “dumb” feature excites me more
- Anime’s Greatest Summer 2024 Shonen Hit Drops New Look Ahead of Season 2
- BTC PREDICTION. BTC cryptocurrency
2025-07-25 09:30