Crypto Ghazi

06/10 10:30

Ethereum Stuns With $300M Weekly Inflows, Bitcoin,

Ethereum Stuns With $300M Weekly Inflows, Bitcoin, XRP Left in the Dust

Almost $300 million poured into ETH investment products last week, making it the biggest winner in the crypto space, according to CoinShares.

While most other assets barely moved — or actually saw money leave — Ethereum saw its seventh straight week of solid inflows. That brings its monthly total to $296 million, and its year-to-date inflows to more than $1.7 billion.

So here’s the deal: Bitcoin saw $56 million in outflows in the same week. XRP dropped again. Cardano didn’t show up. It wasn’t just another quiet week; there was a clear shift in focus.

Why Ethereum Now?

It’s not that complicated, really: Money follows technology.  Ethereum is where everything is actually being created, from stablecoins to tokenized assets to new payment rails. With Bitcoin still in the news and its total asset value rising, ETH is becoming a bet on what’s next in financial infrastructure.

The ETF numbers bear this out. Ethereum ETFs in the US have seen 15 straight days of inflows. That’s $800 million in the last three weeks alone. Meanwhile, Bitcoin ETFs have lost over $1 billion since May 28.

There are other changes happening behind the scenes, too. $320 million in ETH was recently purchased, and some of that has already been staked via liquid protocols. Apparently, some large institutional investors are taking Ethereum seriously as a long-term reserve asset, rather than just a trading asset.

The bottom line is that Ethereum is no longer second best.  The focus has shifted from price to positioning. And right now, ETH is where the momentum is clearly picking up.

#Share Your Thoughts on Popular Assets in June#Check In to Win a 20g Gold Bar#Claim1,200 USDT in the Monthly Creation Challenge

2Condividi