Ethereum

Flow

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-direct-increased-flow-into-ethereum-etfs-and-drive-eth-prices-up/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Direct Increased Flow into Ethereum ETFs and Drive ETH Prices Up</a> 
Currently, investment in spot Ethereum (ETH) ETFs is on the rise. This increase accelerated following Donald Trump’s victory and the Federal Reserve’s announcements regarding interest rate cuts. In the past three days, Ether ETFs have seen net investments, with total outflows decreasing from 550 million dollars to 324 million dollars compared to a few weeks ago.
<h2 id="renewed-interest-in-ethereum-etfs">Renewed Interest in Ethereum ETFs</h2>
Ethereum is gaining momentum alongside Bitcoin , which has heightened interest in spot Ethereum ETFs. On November 8, Friday, there was a total investment inflow of 85.9 million dollars into ETH ETFs. Consequently, weekly investment inflow reached 155 million dollars following Trump’s victory.
Yesterday, BlackRock’s Ethereum ETF (ETHA) received the highest investment of 59.8 million dollars, while Fidelity’s FETH ETF recorded 18.4 million dollars in investments. With ongoing investments, BlackRock’s Ether ETF has surpassed a total investment inflow of 1.4 billion dollars.
<h2 id="comparison-with-bitcoin-etfs">Comparison with Bitcoin ETFs</h2>
However, these figures are lower compared to the current investment flow into spot Bitcoin ETFs in the U.S. Nevertheless, with the onset of the <a href="https://en.coin-turk.com/list-of-altcoins-classified-as-securities-by-the-sec-bnb-cardano-solana-tron-and-more/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> season, investments in Ethereum ETFs are expected to increase further.
Investors are closely monitoring developments in the price of Ethereum. Last week, ETH experienced an 18% increase compared to Bitcoin’s (BTC) 9.9% rise. A healthy increase is also observed in the ETH/BTC parity, unlike the previous three years.
The U.S. Securities and Exchange Commission (<a href="https://en.coin-turk.com/optimism-op-upgrade-unveils-cost-reduction-whats-the-impact-on-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a>) is delaying its decision on options trading for spot Ethereum ETFs. This development increases uncertainty in the ETF market, leading to cautious approaches from investors.
Ethereum’s price has surpassed the 3,000 dollar level with a 4.86% increase, breaking through a critical resistance. This breakout indicates that ETH has surpassed its 200-day moving average. Analysts suggest that if these levels are maintained, ETH has the potential to rise to 4,000 dollars.
<blockquote>
 Yoddha stated, “The Ethereum price chart is currently the only chart to watch.”
</blockquote>
The increased investment flow into Ethereum ETFs contributes to the rise in ETH prices. Investors believe that these positive developments in ETFs will further strengthen ETH’s market performance. However, the SEC’s decision-making process and overall market conditions may influence future movements.
The post <a href="https://en.coin-turk.com/investors-direct-increased-flow-into-ethereum-etfs-and-drive-eth-prices-up/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Direct Increased Flow into Ethereum ETFs and Drive ETH Prices Up</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Investors Direct Increased Flow into Ethereum ETFs and Drive ETH Prices Up

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