Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-experiences-significant-inflow-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Experiences Significant Inflow Surge</a><br></p>
<p style="text-align: justify">Ethereum is witnessing a noteworthy upward trend as it records its first cumulative net inflows since the introduction of exchange-traded funds (ETFs) in July. This shift follows five consecutive days of net inflows, signaling a positive market response.</p>
<h2 id="what-contributed-to-recent-inflows">What Contributed to Recent Inflows?</h2>
<p style="text-align: justify">On both Tuesday and Monday, spot ETH ETFs achieved record daily net inflows, amounting to $135.9 million and $295.5 million, respectively. This significant activity has led to overall net inflows of $94.6 million, as reported by SoSoValue.</p>
<p style="text-align: justify">The recent surge in ETH inflows comes on the heels of Bitwise’s announcement regarding its acquisition of Ethereum staking firm Attestant. This strategic move indicates the firm’s intent to introduce a new ETH ETF incorporating staking rewards, a factor that could attract institutional interest, especially with the potential for a more lenient regulatory environment under a pro-crypto administration.</p>
<h2 id="how-is-grayscale-performing">How is Grayscale Performing?</h2>
<p style="text-align: justify">In contrast, Grayscale’s ETHE has experienced significant outflows, totaling -$686.7 million, highlighting a stark difference from the inflows seen in spot <a href="https://en.bitcoinhaber.net/bitcoin-rebounds-after-market-fluctuations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs since the start of the year.</p>
<ul>
 <li>Ethereum’s price has risen by 2.4% in the last 24 hours.</li>
 <li>Over the past week, ETH has grown by 25.2%, currently valued at $3,270.</li>
 <li>Market cap for Ethereum stands at approximately $400 billion.</li>
 <li>Investor optimism is bolstered by the recent U.S. elections, indicating a shift toward pro-crypto policies.</li>
</ul>
<p style="text-align: justify">The recent developments in Ethereum ETFs underscore how market dynamics can influence investor decisions. Rising institutional interest and favorable regulatory changes are likely to play a crucial role in shaping Ethereum’s market trajectory.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/ethereum-experiences-significant-inflow-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Experiences Significant Inflow Surge</a></h5>

Ethereum Experiences Significant Inflow Surge

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