In brief
- Ethereum-linked funds pulled in $990 million during a 12th straight week of inflows.
- Ethereum-linked funds have grown at a faster pace than their Bitcoin counterparts over the past three months.
- Ethereum has yet to surpass a pandemic-era high of $4,900.
Funds offering exposure to Ethereum have been growing at a faster rate than Bitcoin counterparts, underscoring newfound demand for the asset, according to CoinShares Head of Research James Butterfill.
Over the past 12 weeks, Ethereum-linked funds’ assets under management have grown 19.5% to $19.6 billion, he wrote in a report on Monday. The AUM of Bitcoin-linked funds’ has meanwhile increased 9.8% to $176 billion over the same period, he added.
“People are preferring…