Bitfinex Alpha analyzed, "Traders are building Ethereum spot ETF positions with the purpose of generating profits by utilizing them as collateral for CME futures trading. This explains the relatively strong demand for Ethereum ETFs." According to Wu Blockchain, the report stated, "Ethereum ETFs recorded net inflows of $197 million last week and $324 million so far in September. This surpasses BTC ETF's $307 million." It further explained, "Considering that the AUM of BTC ETFs is approximately 6 times that of ETH ETFs, this shows that ETH ETFs are demonstrating relatively strong momentum."
