CMC News

$ETH Funds Outpace $BTC Growth as ETH Breaks $3,000 Barrier

$ETH-linked funds generated $990 million in inflows during their 12th straight week of growth.

$ETH funds have expanded 19.5% to $19.6 billion over the past 12 weeks compared to $BTC's 9.8% growth.

The surge comes as ETH climbed above $3,000 for the first time in five months.

#ETH 's price has jumped 85% over the past three months despite remaining below its $4,900 pandemic-era peak.

$BTC-linked funds pulled in $2.7 billion last week while maintaining $176 billion in total assets.

CoinShares research shows investors are "preferring $ETH over $BTC" based on proportional growth rates.

U.S. $ETH #ETFs now manage $12.7 billion in assets compared to $BTC ETFs' $148 billion.

The combined week represented the second-best performance for crypto funds on record.