Investor demand for spot Ether exchange-traded funds accelerated this week, extending a 16-day streak of net inflows and reinforcing a rotation out of Bitcoin-linked products.
Data compiled by Farside show the funds absorbed US$452.8 million on 25 July, lifting weekly net subscriptions to about US$1.8 billion, according to on-chain analyst Sassal. In each of the past seven sessions Ether vehicles have out-raised their Bitcoin counterparts, which gathered only US$71 million over the same five-day span.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io