Ethereum ETFs have marked 15 consecutive days of inflows, totaling $837.5 million since May 16, indicating growing institutional interest. Analysts believe net inflows could soon surpass $1 billion, a significant milestone for Ethereum. The momentum is attributed to various factors, including Ethereum shedding its speculative image and emerging as an infrastructure for next-gen financial systems, following the Pectra upgrade on May 7. In contrast, Bitcoin ETFs are experiencing substantial outflows, totaling over $600 million, with recent figures showing a significant drop from institutions. This trend highlights Ethereum's increasing appeal as a dependable asset gaining value through its functionalities, such as staking and transaction fees, while Bitcoin continues to face challenges in attracting institutional investments. Overall, the NFT market's potential and institutional recognition of Ethereum as a foundational technology are seen as key drivers behind its recent performance.

Source 🔗