Ethereum exchange-traded funds (ETFs) saw net inflows of $151 million on Tuesday, continuing a streak of positive net capital inflows that began on November 22.
According to crypto market research firm BRN, Ethereum ETFs added $151 million on Tuesday, while Bitcoin ETFs added $494 million. Bitcoin ETFs have been popular for most of the year since their launch in January in the United States, while Ethereum ETFs have seen modest demand from the start.
BRN analyst Valentin Fournier recently wrote in a note to investors that Ethereum ETFs are enjoying the benefits of a broader climate that is driving capital into crypto ETFs in general. He noted that Bitcoin ETFs are on a positive streak for 14 days, while Ethereum ETFs collectively have been in the green for a longer period at 16 days.
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