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The "New Favorite" of Institutions: The Surge of ETH Spot ETF
This week, the crypto assets market experienced a historic influx of funds. According to AiCoin data, the net inflow for the US stock ETH spot ETF surged strongly, exceeding $1 billion in a single day at its peak. Its strong momentum even overwhelmed the Bitcoin (BTC) spot ETF, which has long been the market leader.
Looking back at the capital flow data from August 11 to 14, the performance of the ETH Spot ETF can be described as a "crowning moment." Over four days, the average daily net inflow for the ETH Spot ETF reached 728 million USD, while the average daily inflow for the BTC Spot ETF during the same period was 140 million USD, making the former more than five times that of the latter.
Triple Driving Forces: The Core Logic Behind the Rise of ETH
The rise of the ETH Spot ETF is not a coincidence. The driving forces behind it are multidimensional:
Institutional strategy shift: Similar to the Bitcoin treasury strategy of "MicroStrategy," an increasing number of institutions are beginning to incorporate ETH into their balance sheets. The rise of this "Ethereum treasury" strategy marks a transition of institutional investment from a single asset to a diversified portfolio. The vast DeFi (Decentralized Finance), NFT (Non-Fungible Token), and Web3 ecosystems of Ethereum provide a broader growth narrative than Bitcoin.
Technical Breakthrough: This week, the price of ETH has surged past $4300, setting a new high since December 2021. This key technical breakthrough has attracted the attention of numerous technical traders, further fueling market optimism and drawing in more capital.
Policy Benefits: The progress of stablecoin legislation in the U.S. Senate and the Trump administration's friendly stance towards the crypto industry have created a more favorable macro environment for Ethereum, the smart contract platform, boosting institutional confidence.
New Market Landscape: The Era of BTC and ETH Dual Kings
In contrast to the strong performance of ETH, BTC's performance appears relatively moderate. Although the price has also exceeded $124,000, the increase (15%) is far less than ETH's 93% (since July). ETH is transforming from a follower into an independent leader driven by institutional funds. In the future, BTC and ETH are likely to jointly constitute the core crypto assets portfolio for institutional investors, playing the roles of "digital gold" and "digital oil."
Of course, the euphoria of ETH is not without risks. Technical indicators show that its Relative Strength Index (RSI) has entered a severely overbought zone, indicating a higher risk of a pullback in the short term.
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