6 weeks Law: Ethereum ETFs leave bitcoin in the dust

Ethereum Exchange-Traded funds (ETFs) have performed better for six consecutive weeks than their Bitcoin counterparts, which emphasizes a shifting preference among investors.

Fresh data show that ETH products draw more stable influx, even if Bitcoin ETFs continue to control the lion’s share of assets.

Weekly data emphasizes Ethereum’s Edge

According to data from Sosovalue, the cumulative inflow on 27 August in the American location was Bitcoin ETF’s $ 54.19 billion, with $ 144.57 billion in assets.

Ethereum ETFs, on the other hand, have pulled $ 13.64 billion to the total inflow and now manage $ 30.17 billion, which represents 5.44% of the market capitalization of ETH. Although BTC funds remain much larger, the accumulation pace of Ethereum has become quite remarkable.

Analysis by Defillama based on data from Fineness -Investors to show Those spot ETFs have posted stronger entry than the BTCs in six consecutive weeks, including periods of total market turbulence.

You would have to go back to the 14-20 July window, when BTC ETFs were in the middle of a long intake stripe, to find the last time they were at the top of Ethereum. In that week, the Bitcoin-based products saw $ 2,386 billion in net inflow against $ 2,182 billion from Ethereum. Since then it has all been downhill for the OG Cryptocurrency.

Between 21 and 27 July, Bitcoin ETFs saw only $ 72.3 million in inflow, while ETFs yielded $ 1.84 billion. The trend was deepened from July 28 to August 3, when BTC placed $ 642.9 million in the ETH’s net profit of $ 154.3 million compared to the net profit.

Even in weeks where both asset classes loses recorded, ETH still did better. Between 18 and 24 August, Bitcoin funds, for example, have $ 1,179 billion, while only about $ 241 million in capital from Ethereum ETFs dripped.

With a few more days left in the last week of August, ETH will again lead after repeating more than $ 1.2 billion in inflow. In the meantime, their BTC opposites have jointly managed a more modest $ 388.6 million since Monday.

Market context

Blackrock, within the ETF ecosystem, dominates both asset classes. The IBIT product leads Bitcoin with $ 83.54 billion in net assets after a single day inflow of $ 50.87 million on 27 August.

On the Ethereum side, the ETHA fund of the investment firm accounts for $ 17.19 billion in assets and added $ 262.63 million that same day, dwarf activity of competitors such as Fidelity and Grayscale.

The story is also comparable in the markets, with the two leading crypto assets that move in opposite directions. Bitcoin is traded at $ 112,967, just at 0.4% a decrease of the week compared to the 7.5% pump in the same period of 7.5%.

BTC also stays behind in the monthly graphs and immerses 5%, while ETH rose by almost 19% at that time. In a year, ETH went by 86%, which is broadly in line with Bitcoin. Moreover, both assets have recently reached new all-time highlights, but since then they have fallen from their respective peaks at almost the same speed.