Ether funds have drawn nearly as much capital as bitcoin ETFs over the past three weeks despite holding about one-eighth as much in net assets.

Bitcoin ETFs shed $225M on Wednesday while Ether funds attracted $26M as tech earnings dragged risk appetite and BTC slipped below $64K.

U.S. spot ether funds added $26 million on the 2nd anniversary of their market debut, as bitcoin ETFs ended a seven-day inflow streak.