The rare "upstream swim": Ether's ETF outperformed Bitcoin for 6 consecutive days

Investors in America have poured more money into Ether's spot ETF funds than Bitcoin's over the last 6 trading sessions, as institutional interest in Ethereum surged this week.

According to data from Farside Investors, ETH spot ETFs recorded a net inflow of nearly 2.4 billion USD in the past 6 sessions – significantly higher than BTC spot ETFs, which attracted only 827 million USD during the same period.

Overall, in the last 6 sessions, the inflow of capital into Ethereum ETF funds has consistently outpaced Bitcoin.

The net inflow of ETH ETF over the past 6 days reached 2.39 billion USD | Source: Farside InvestorsAmong them, BlackRock's iShares Ethereum ETF (ETHA) is the biggest beneficiary of this new wave of capital inflow, recording a net inflow of 1.79 billion USD, accounting for nearly 75% of the total capital inflow over the past 6 days.

ETHA has also just become the third fastest ETF to reach 10 billion USD in assets under management in history, achieving this milestone in just 251 trading sessions.

Meanwhile, the Fidelity Ethereum Fund (FETH) recorded its best trading session this Thursday, with a net inflow of 210 million USD. This result surpassed the previous record by 4%, which was 202 million USD on December 10, 2024.

It can be seen that the demand from the institutional sector for ETH has been increasing significantly in recent weeks.

BitMine Immersion Technologies has purchased ETH worth 2 billion USD in just 16 days, making it the largest holder of ETH in the world.

Currently, the total amount of ETH held by companies in their treasury has reached 2.31 million ETH, accounting for 1.91% of the circulating supply, according to data from Strategic Ether Reserves.

Mr. Michael Novogratz, CEO of Galaxy Digital, predicts that the price of ETH could reach 4,000 USD, while asserting that ETH will outperform BTC in the next 6 months.

He also emphasized that the massive purchase of ETH by BitMine Immersion Technologies and SharpLink Gaming could cause a supply shock in the near future.

BTC ETF in America breaks its rising streak after 12 days

Meanwhile, on Monday, Bitcoin spot ETF funds in America recorded a net outflow of up to 131 million USD, officially ending a 12-day streak of consecutive capital withdrawal. Previously, the total net capital flow over the 12 days had reached 6.6 billion USD.

According to the research company Swissblock, this trend may continue in the near future. They believe that:

"ETH is evolving to lead the market as a new cycle begins."

Itadori