Can Ethereum outpace Bitcoin in Q3? – THESE datasets say yes

• Circle’s IPO spotlights Ethereum as USDC’s spine and a strategic DeFi infrastructure layer.
• ETF and on-chain flows present rising institutional confidence in ETH over BTC heading into Q3.

When Circle [USDC] filed for its long-awaited $1.1 billion IPO, most headlines targeted on what it meant for stablecoins and regulatory readability.

However there’s one other quiet winner quietly rising: Ethereum [ETH].

With greater than half of USDC’s circulating provide anchored on its rails, Ethereum isn’t simply the technical spine – it’s the stealth beneficiary of Wall Road’s rising guess on tokenized {dollars}.

Ethereum is on the heart of the stablecoin ecosystem

Ethereum dominates USDC’s on-chain presence, holding $36.7 billion—over 50% of the stablecoin’s circulating provide—on its mainnet.

This focus highlights Ethereum’s key position in DeFi, offering deep liquidity swimming pools, superior smart-contract infrastructure, and a thriving developer ecosystem, all of which improve USDC’s utility.

Supply: DeFiLlama

With Circle’s IPO spotlighting stablecoins, institutional traders will carefully study the infrastructure behind them.

Ethereum stands out as a strategic asset, strengthened by each tokenized greenback flowing by its community.

Past its mainnet, Circle has distributed $10 billion price of USDC throughout Ethereum Layer 2s like Arbitrum, Base, and Polygon.

This growth reduces congestion, enhances scalability, and reinforces Ethereum’s central position in stablecoin infrastructure, whilst adoption spreads to cheaper, quicker networks.

ETFs present regular institutional curiosity

Whereas Circle’s IPO casts Ethereum in a bullish mild, ETF stream knowledge paints a extra nuanced image.

In accordance with SoSoValue, spot ETH ETFs have seen internet inflows on eight of the previous ten buying and selling days, totaling $25.2 million as of the sixth of June.

Whole property held stood at $9.4 billion at press time, whilst ETH’s value dips under $2,500.

Supply: SoSoValue

Although every day flows are off their early June highs, the development nonetheless suggests quiet confidence amongst establishments.

These inflows, although modest, replicate Ethereum’s perceived worth as a maturing funding car in regulation.

Cash is rotating into ETH. Will ETH shut forward of BTC in Q3?

Whereas Bitcoin ETFs bled over $1.4 billion because the twenty second of Could, Ethereum merchandise quietly absorbed $579 million, displaying sustained inexperienced inflows almost daily.

Supply: X

Ethereum’s ETF momentum aligns with robust on-chain alerts, main 24-hour internet flows on bridges and posting the most important stablecoin provide development, per Artemis.

Regardless of Layer 2 growth, these flows reinforce confidence in Ethereum’s base-layer energy.

As Q3 approaches, the important thing query stays: Can ETH outpace Bitcoin in flows, efficiency, or each?