Ethereum

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-drive-record-interest-in-spot-ethereum-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Drive Record Interest in Spot Ethereum ETFs</a><br></p>
<p style="text-align: justify">Spot Ethereum ETFs captured attention on Monday by achieving the highest daily inflows ever recorded. This surge propelled the ETH price by 5.5%, bringing it to $3,370. Following this movement, ETH’s weekly gain reached approximately 38%.</p>
<h2 style="text-align: justify" id="record-interest-in-spot-ethereum-etfs">Record Interest in Spot Ethereum ETFs</h2>
<p style="text-align: justify">On November 11, spot Ethereum ETFs set a new daily record with $295 million in inflows. Notably, Fidelity’s FETH ETF contributed the most with an inflow of $115.5 million. Meanwhile, BlackRock’s ETHA ETF received $100 million, and Grayscale’s mini-ETF closed the day with $63.3 million.</p>
<p style="text-align: justify">Following Donald Trump’s victory last week, interest in Ethereum ETFs has soared. In the past four days, total inflows into Ether ETFs surpassed $500 million, with significant contributions from BlackRock and Fidelity.</p>
<h2 style="text-align: justify" id="surge-in-eth-price-movements">Surge in ETH Price Movements</h2>
<p style="text-align: justify">In addition to the record $295 million inflow into spot ETH ETFs, over $500 million entered within four trading days post-election. This indicates that Ethereum ETFs are competing with the rising inflows of Bitcoin ETFs. On Monday, spot Bitcoin ETFs garnered more than $1 billion, with BlackRock’s IBIT ETF taking the lead.</p>
<p style="text-align: justify">Expert James Butterfill from CoinShares pointed out that these inflow levels represent the highest since the Ethereum ETF launch in July. He emphasized that more investors are turning to traditional financial products to gain exposure to <a href="https://en.coin-turk.com/dragonfly-invests-millions-in-coinbase-signaling-confidence-in-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a>.</p>
<p style="text-align: justify">Ethereum is on a robust upward trend, showing a 38% increase weekly, as it aims for the significant $4,000 mark while preparing for new record highs. The price movement indicates that if ETH breaks out of its expanding triangle formation, it could reach $5,450, leading to a potential acceleration in the bullish market.</p>
<p>The post <a href="https://en.coin-turk.com/investors-drive-record-interest-in-spot-ethereum-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Drive Record Interest in Spot Ethereum ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Investors Drive Record Interest in Spot Ethereum ETFs

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