The latest data shows that crypto exchange-traded products (ETPs) are experiencing significant inflows, with Ethereum surpassing Bitcoin in investor interest. According to recent reports, Ethereum ETPs saw inflows of $33 million last week, while Bitcoin ETPs received $28 million.
This surge in interest for Ethereum ETPs can be attributed to the growing popularity of decentralized finance (DeFi) applications that are predominantly built on the Ethereum blockchain. Investors are eyeing the potential for Ethereum to continue to innovate and disrupt traditional financial systems.
Bitcoin, on the other hand, remains a popular choice for many investors seeking a store of value. Despite Ethereum’s recent outperformance in terms of inflows, Bitcoin still holds the top spot in terms of total assets under management for crypto ETPs.
Overall, the increasing inflows into crypto ETPs signal a growing acceptance of digital assets by institutional investors. As the crypto market matures, we can expect to see more diverse investment products catering to different aspects of the blockchain and cryptocurrency ecosystem.
