Ethereum ETFs Beat Bitcoin, and Now They’re Making it Rain

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Hold onto your wallets, folks! On June 6, Ethereum spot ETFs flexed their muscles and recorded a net inflow of $25.22 million, pushing their streak to 15 consecutive days of positive inflows. That’s right, 15 days—Ethereum’s on a winning streak like it’s the last season of “Game of Thrones” (except this one actually makes sense). According to SoSoValue, this continued momentum has Ethereum firmly in the lead over Bitcoin in the ETF race. Sorry, Bitcoin, but you’re getting dunked on right now.

Let’s talk numbers. All U.S.-based spot Ethereum ETFs have raked in over $281.07 million in inflows just this past week, leaving Bitcoin ETFs in the dust with a measly $128.81 million in net outflows during the same period. Yep, that’s right, Bitcoin is having a bad week. And no, it’s not just you—Ethereum is clearly the new cool kid in crypto town.

Now, let’s talk about Bitcoin’s heartbreak moment: May 29. That’s when its ETF inflow streak came to an abrupt halt after a hefty $346.8 million outflow. Ouch. Meanwhile, Ethereum’s streak is sitting pretty with $837.5 million in net inflows to date, which accounts for a whopping 25% of the total $3.32 billion in net inflows since spot Ethereum ETFs made their grand entrance in July 2024. If Ethereum keeps this up, they’re on track to hit $1 billion in inflows in the next week. That’s a serious milestone. Take a moment to let that sink in.

Is Ethereum About to Take a Wild Ride? Hold On Tight.

But wait, there’s more! Ethereum’s price activity is sending shockwaves through the crypto world after a whale (no, not the one you saw at SeaWorld) transferred 61,966 ETH, worth $159 million, between mysterious wallets on June 5. The drama! At the time, Ethereum was hanging out at $2,579.08 per token. Since then, it’s dipped a bit, dropping to $2,495, with trading volume plummeting by 44%. Uh oh, looks like the Ethereum rollercoaster might be in for a few twists and turns.

After weeks of trading in a calm, narrow ascending channel, Ethereum has now slipped below the all-important 200-day EMA. Translation: it’s like the crypto equivalent of losing your keys. Is this the beginning of a correction phase? Maybe. But unless we see some serious volume pick up, don’t expect any major price moves just yet. Right now, all eyes are on Ethereum’s ETF-driven momentum. Let’s just hope it doesn’t have a midlife crisis and crash. Investors are waiting with bated breath to see if this ETF love translates into some actual price gains. Stay tuned. 😏

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2025-06-07 14:48