Ethereum ETFs Outshine Bitcoin: Is Trump to Blame? 🤔

So, let me get this straight. Ethereum ETFs in the U.S. are raking in more cash than Bitcoin ETFs? I mean, come on! Over the past week, these Ethereum funds have pulled in a whopping $420.06 million. That’s double what Bitcoin managed. Talk about a plot twist! 📈

According to some fancy data from SoSoValue—whoever they are—this is the first time Ethereum has outperformed Bitcoin in net inflows over a week. I guess the crypto world is just as unpredictable as my neighbor’s dog. 🐶

Now, let’s talk about the week of Feb. 3–Feb. 7. Ethereum started off strong with $83.54 million on Monday. But then, on Tuesday, it exploded to $307.77 million after Eric Trump decided to tweet, “It’s a great time to add ETH.” Really? That’s the magic touch? I could’ve tweeted that and gotten a million likes! 💸

And just like that, Ethereum shot up over 35%. It went from around $2,300 to over $2,900 in less than a day. I mean, if only my investments could do that. Instead, I’m stuck with a collection of Beanie Babies. 😩

Wednesday saw a more “modest” $18.1 million inflow, and Thursday? A paltry $10.7 million. By Friday, it was like a ghost town—zero net inflows. Talk about a dramatic drop-off! It’s like the party ended, and everyone went home. 🎉➡️🏠

Now, analysts at Coinbase are saying that this Ethereum ETF surge is linked to some fancy CME-basis trading strategy. Apparently, institutions are going long on spot ETH while shorting futures. I don’t know what that means, but it sounds like a lot of jargon to me. Just give me the cash! 💰

As of now, total net inflows into these Ethereum funds stand at $3.18 billion. Meanwhile, Ethereum is down 0.6%, trading at $2,646. So, it’s like a rollercoaster ride—up, down, and all around! 🎢

On the flip side, Bitcoin ETFs had a mixed bag of a week. They celebrated their first anniversary with a bang—$234.54 million pulled out on Monday after those tariffs were slapped on China, Mexico, and Canada. Ouch! That’s gotta hurt! 😬

But wait, there’s more! They managed to claw back with $340.82 million on Tuesday, $66.38 million on Wednesday, and $171.19 million on Friday. By the end of the week, Bitcoin ETFs recorded $203.54 million in net inflows. Still, that’s nearly 63% lower than the previous week. It’s like watching a slow-motion train wreck. 🚂💥

At press time, Bitcoin is up 4.6% over the last seven days, trading at $97,150. So, there you have it! The crypto world is as chaotic as ever, and I’m just here trying to make sense of it all. Good luck out there! 🙃

2025-02-10 09:59

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