Spot Ethereum ETFs have recorded $4.9 million in inflows as of last week, highlighting increasing investor confidence in ETH over other cryptocurrencies like Bitcoin. This trend is emphasized by CoinShares' recent report, which noted a preference for ETH over BTC among investors.
Grayscale's Ethereum fund, one of the most watched in the market, has also shown signs of stabilization, ceasing its previous outflows.
Despite these positive signs for Ethereum, the overall cryptocurrency market remains bearish, impacted by large liquidations from major players and the ongoing Mt. Gox customer situation.
Fuente: insidebitcoins.com ↗