Ethereum Outpaces Bitcoin as Investor Preference Shifts

Ether ETFs have outpaced their Bitcoin counterparts for the second consecutive week, according to recent data. In the week ending July 24, spot ether ETFs attracted $103.8 million in net inflows, roughly triple the $33.9 million that flowed into bitcoin ETFs. The shift was largely driven by BlackRock's iShares Ethereum Trust, which took in $96.3 million.

The decline of investor demand towards Bitcoin is evident from the fact that its iShares Bitcoin Trust recorded $95.5 million in net outflows. This development comes as a continued rotation in investor preference, with ether gaining traction.