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Crypto

BlackRock Favoring Ethereum Over Bitcoin with Massive ETF Inflows

Guavy AI Editorial Team
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BlackRock's Ethereum-focused ETFs have seen significant inflows in recent days. Between July 20 and July 24, BlackRock's iShares Ethereum Trust (ETHA) and ETHB recorded a combined net inflow of $99.2 million.

This influx of capital into Ethereum is notable given the current market conditions. While Bitcoin traded around $65,000 during the week, Ethereum hovered near $1,860, with rising ETF demand supporting the second-largest cryptocurrency.

Interestingly, this trend suggests a potential shift in demand towards Ethereum. Institutional investors allocated more capital to Ethereum than Bitcoin last week, according to flow data from BlackRock's spot ETFs.

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