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Donald Trump’s victory in the United States presidential election on Nov. 5 could pave the way for more diversified cryptocurrency financial products — specifically for the world’s second-largest cryptocurrency, Ether.
Trump won the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-elections" rel="noopener noreferrer nofollow" target="null" text="null" title="null">presidential election</a> held on Nov. 5, which is seen as a net positive for crypto regulations over the next four years.
A Trump administration will likely embrace more crypto industry innovation, including the debut of the first staked Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ETH</a>) exchange-traded fund (ETF), according to Edward Wilson, an analyst at Nansen.
The analyst told Cointelegraph:
<blockquote>
 “As the regulatory environment will likely be pro-crypto, we may even see a staked ETH ETF approved early in this new administration, which will fully leverage the benefits of ETH as an asset. If this occurs, then ETH will become an exciting asset to watch. Put differently, ETH is cool again.”
</blockquote>
More Ether-based ETFs could help Ether’s price rise above its previous all-time high of $4,800, recorded on Nov. 16, 2021, nearly three years ago.
<figure><img alt="Analysis, Donald Trump, Ethereum ETF, Bitcoin ETF, ETF, US Elections 2024" src="https://s3.cointelegraph.com/uploads/2024-11/01930695-0fe0-7d66-bd8a-376c717e4600" title="">
 <figcaption style="text-align: center;">
 ETH/USD, all-time chart. Source: Cointelegraph
 </figcaption>
</figure>
For Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BTC</a>), <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-are-etf-fund-flows-and-why-do-they-matter" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ETF inflows</a> accounted for about <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-etfs-about-75-new-investment" rel="noopener noreferrer nofollow" target="null" text="null" title="null">75% of new investment</a> in the world’s first cryptocurrency when its price rose above $50,000 in February 2024, a month after spot BTC ETFs debuted for trading in the US.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-white-paper-turns-11-blockchain-foundational-layer" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Ethereum white paper turns 11, celebrating blockchain’s ‘foundational’ layer</a>
<h2 id="europe-may-front-run-the-us-on-the-first-ether-staking-related-etf">Europe may front-run the US on the first Ether-staking-related ETF</h2>
The European market could be the first to see the introduction of an Ether staking-related ETF.
Speaking exclusively to Cointelegraph at EthCC, Charles d’Haussy, CEO of the dYdX Foundation, said that the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/european-markets-first-ether-staking-etf" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Ether staking ETF</a> would be a significant industry milestone. He said:
<blockquote>
 “The US is probably not ready for that, but the European market or some adjacent market will give us a way into Ethereum staking ETFs.”
</blockquote>
D’Haussy added that he is bullish on the next Ether ETF, whether that will be an Ether staking ETF or staked Ether ETF, which could have different implications. He explained:<iframe width="100%" height="315" src="https://www.youtube.com/embed/x_RvnKMA3lc" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Charles d'Haussy, dYdX CEO, interview with Zoltan Vardai. Source: Cointelegraph
However, some investors are disappointed by the performance of the US spot Ether ETFs, which recorded over $489 million worth of cumulative net outflows since launch, Farside Investors data <a data-ct-non-breakable="null" href="https://farside.co.uk/eth/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">shows</a>.
<figure><img alt="Analysis, Donald Trump, Ethereum ETF, Bitcoin ETF, ETF, US Elections 2024" src="https://s3.cointelegraph.com/uploads/2024-11/01930696-5879-765e-9154-e2881068d310" title="">
 <figcaption style="text-align: center;">
 Ether ETF flows, USD, million. Source: Farside Investors
 </figcaption>
</figure>
The stagnating inflows were predicted by some analysts, even before the spot Ether ETFs launched. Notably, Eric Balchunas, senior ETF analyst at Bloomberg, previously told Cointelegraph that the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-etfs-sidekick-bitcoin-etfs-bloomberg-analyst" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Ether ETFs may only be a “sidekick”</a> to the more established spot Bitcoin ETFs in terms of inflows.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereum-ico-blockchain-forensics-double-spending-debate/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Decade after Ethereum ICO: Blockchain forensics end double-spending debate</a><advertisement></advertisement>

Trump win could fast-track first staked Ether ETF — Nansen analyst

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