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Ethereum Spot ETFs Cross $10 Billion AUM as Novogratz Forecasts Outperformance Over Bitcoin

Tightening supply from institutional treasuries has primed Ethereum for a breakout above $4,000.

ethereum bitcoin
Ethereum could outperform Bitcoin over the next 3 to 6 months - Galaxy Digital CEO
Mike Novogratz
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Overview

  • BlackRock’s iShares Ethereum ETF hit $10 billion in assets under management in just 251 days, ranking it the third-fastest ETF ever to reach that level.
  • Spot Ethereum ETFs have logged at least 15 consecutive days of net inflows, underscoring strong institutional interest in ETH.
  • Corporate treasuries such as Sharplink Gaming and BitMine Immersion have together accumulated over 927,000 ETH, squeezing available supply.
  • Ethereum surged more than 45% in July compared with Bitcoin’s roughly 8% gain, signaling a shift in market momentum.
  • Galaxy Digital CEO Mike Novogratz projects that ETH could outperform BTC within three to six months and enter rapid price discovery if it clears the $4,000 mark.