BlackRock's iShares Ethereum Trust (ETHA) has made history by becoming the first ETF to surpass $1 billion in cumulative net inflows, highlighting its market dominance.
Despite BlackRock's ETHA succeeding, Ethereum ETFs as a whole have suffered, showing over $440 million in net outflows, indicating a significant divergence from bitcoin ETFs.
While ETHA leads the pack in inflows, Grayscale's ETHE has experienced significant setbacks, reporting $2.7 billion in net outflows since its inception, underscoring market challenges.
The comparative performance of Ethereum and bitcoin ETFs is stark, as the latter garnered around $11 billion in net inflows, reflecting a stronger investor preference.
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