Ether ETFs have seen a surge in popularity, outpacing Bitcoin ETFs in terms of inflows. In just a short period of time, Ether ETFs have recorded $224.9 million in inflows. This comes as Ethereum experiences a 7.7% rally in its price.
Investors are showing a growing interest in Ether, the native cryptocurrency of the Ethereum blockchain. This increased demand is reflected in the significant inflows into Ether ETFs. Compared to Bitcoin ETFs, Ether ETFs are currently attracting more investment.
The recent rally in Ethereum’s price has also contributed to the growing interest in Ether. With a 7.7% increase in its value, Ethereum has been performing well in the market. This positive price movement has likely prompted more investors to consider adding Ether to their portfolios.
Overall, the rise in inflows into Ether ETFs and the rally in Ethereum’s price indicate a strong interest in the cryptocurrency among investors. As the cryptocurrency market continues to evolve, it will be interesting to see how Ether performs in the coming months.