Ethereum

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/spot-ethereum-etfs-attract-historic-investment" data-wpel-link="internal" rel="noopener noreferrer nofollow">Spot Ethereum ETFs Attract Historic Investment</a><br></p>
<p style="text-align: justify">Spot Ethereum ETFs made headlines on Monday by reporting an unprecedented daily inflow, leading to a notable increase in Ethereum’s price. This surge of interest pushed the price of ETH up by 5.5%, reaching $3,370, and contributed to a weekly gain of approximately 38%.</p>
<h2 style="text-align: justify" id="what-caused-the-surge-in-ethereum-etf-inflows">What Caused the Surge in Ethereum ETF Inflows?</h2>
<p style="text-align: justify">On November 11, the Ethereum ETFs achieved a remarkable milestone with $295 million in inflows. The FETH ETF from Fidelity was the star performer, attracting $115.5 million. Following closely were BlackRock’s ETHA ETF with $100 million and Grayscale’s mini-ETF, which finished the day with $63.3 million.</p>
<h2 style="text-align: justify" id="how-will-eth-price-respond-to-increased-inflows">How Will ETH Price Respond to Increased Inflows?</h2>
<p style="text-align: justify">The interest in Ethereum ETFs has surged significantly, especially after Donald Trump’s recent electoral win, with total inflows exceeding $500 million in just four days. Spot <a href="https://en.bitcoinhaber.net/analysts-predict-bitcoin-surge-4" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs saw over $1 billion in inflows the same day, indicating a fierce competition in the market.</p>
<p style="text-align: justify">Key insights from this record-breaking month include:</p>
<ul>
 <li>Spot Ethereum ETFs recorded the highest inflow on a single day since their inception.</li>
 <li>Interest in traditional financial products linked to cryptocurrencies is increasing.</li>
 <li>The price of ETH is on an upward trajectory, targeting the $4,000 mark.</li>
</ul>
<p style="text-align: justify">Ethereum is currently on a strong upward trajectory, aiming for the critical $4,000 threshold while preparing for potential new highs. If ETH successfully breaks out of its current trading pattern, projections suggest it could soar to $5,450, indicating a bullish trend in the cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/spot-ethereum-etfs-attract-historic-investment" data-wpel-link="internal" rel="noopener noreferrer nofollow">Spot Ethereum ETFs Attract Historic Investment</a></h5>

Spot Ethereum ETFs Attract Historic Investment

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