Ethereum ETFs Outpace Bitcoin ETFs With $240M Inflows On June 11
Spot Ethereum exchange-traded funds recorded $240 million in net inflows on June 11, surpassing Bitcoin ETFs’ $165 million and extending Ethereum‘s (CRYPTO: ETH) inflow streak to 18 consecutive days, according to Farside Investors.
This marks a significant shift in investor preference, driven by Ethereum’s technical advancements and positive regulatory developments, contrasting with Bitcoin’s struggle to break the $110,000 resistance level.
What Experts Are Saying: In a note sent to Benzinga, Alex Kuptsikevich, FxPro‘s chief market analyst, noted, “Bitcoin (CRYPTO: BTC) fell below $108,000, once again encountering a sell-off after touching $110,000.”
He attributed the crypto market’s 1.6% capitalization drop to $3.39 trillion to pressures on risky assets from Middle East tensions, describing the sell-off as a temporary, technical setback.
Despite this, he remains optimistic about cryptocurrencies, citing …
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