ETH ETFs May Overtake BTC ETFs by September
ETH ETF holdings could surpass BTC ETFs in total supply share by September, says Dragonfly analyst.
- BTC ETFs currently hold 6.38% of total Bitcoin supply
- ETH ETFs hold 5.08% of total Ethereum supply
- ETH could surpass BTC in ETF share by September
The competition between Bitcoin and Ethereum is heating up—not just in price, but in institutional holdings. According to Dragonfly data analyst Hildobby, Bitcoin exchange-traded funds (ETFs) currently hold about 6.38% of the total BTC supply, while Ethereum ETFs hold 5.08% of the total ETH supply.
While Bitcoin remains the dominant cryptocurrency in market cap and adoption, the rapid growth of Ethereum ETF inflows suggests a shift in investor sentiment. If this trend continues, Ethereum ETF holdings could overtake Bitcoin’s share by September, marking a potential turning point in institutional crypto exposure.
Why ETH ETFs Are Growing Faster
Several factors contribute to Ethereum’s increasing popularity among ETF investors. Unlike Bitcoin, Ethereum offers a broad range of use cases beyond being a store of value. From decentralized finance (DeFi) to NFTs and smart contracts, Ethereum has become a hub for blockchain innovation.
Additionally, the recent approval of ETH spot ETFs in the U.S. and Europe has fueled investor enthusiasm. As institutions allocate more capital to Ethereum, the gap between BTC and ETH in ETF holdings continues to narrow.
What This Means for the Market
If Ethereum ETF holdings do surpass Bitcoin’s, it could be seen as a signal of Ethereum’s growing credibility and utility in the eyes of institutional investors. While this doesn’t necessarily imply Ethereum will overtake Bitcoin in market cap, it underscores the importance of ETH in diversified crypto portfolios.
As we move closer to September, all eyes will be on ETF flows to see whether Ethereum truly closes the gap and potentially sets a new precedent in crypto asset management.
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