Ethereum

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Tornado Cash

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-ethereum-etfs-attract-significant-investment-surpassing-bitcoin-etfs-since-november/" data-wpel-link="internal">Spot Ethereum ETFs Attract Significant Investment, Surpassing Bitcoin ETFs Since November</a> 
Since November 22, spot Ethereum ETFs in the United States have attracted $224.9 million in investments, surpassing spot Bitcoin ETFs, which only garnered $35.2 million in the same period. This trend is attributed to the rise in Ethereum’s price and a significant legal victory in the DeFi ecosystem. 
<h2 style="text-align: justify" id="strong-the-rise-of-ethereum-the-altcoin-leader-strong">The Rise of Ethereum, the Altcoin Leader</h2> 
The price increase of Ethereum (ETH) gained momentum following a crucial court ruling in the Tornado Cash case. This victory bolstered confidence in Ethereum’s decentralized finance (DeFi) ecosystem. Additionally, speculation regarding the potential replacement of <a href="https://en.coin-turk.com/stanford-university-plans-to-return-millions-of-dollars-in-donations-from-bankrupt-crypto-exchange-ftx/" data-wpel-link="internal">SEC</a> Chairman Gary Gensler with the crypto-friendly Paul Atkins further positively impacted the market, fostering expectations for a more favorable regulatory environment. 
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 Ethereum ETF
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In recent weeks, interest in spot Ethereum ETFs has surged. Ethereum now has the potential to outpace spot Bitcoin ETFs in net inflows for the first time. Over the past week, ETH prices rose by 7.7%, while BTC saw a 2% decline, raising the ETH/BTC trading pair to 0.037. 
<h2 style="text-align: justify" id="strong-bitcoin-etfs-remain-strong-but-ethereum-rises-strong">Bitcoin ETFs Remain Strong, but Ethereum Rises</h2> 
Spot Bitcoin ETFs achieved record investments of $6.2 billion in November, with $3.1 billion in inflows last week alone. The increasing demand for Ethereum ETFs indicates a growing interest among investors. 
Markus Thielen, founder of 10x Research, attributes Ethereum’s rise to the Tornado Cash victory and rumors about Paul Atkins. He noted that a more favorable regulatory environment could accelerate Ethereum’s growth. Furthermore, he described Ethereum’s recent underperformance relative to Bitcoin and Solana as an “opportunity buy.” 
Political developments may also influence Ethereum’s future. Thielen predicts that Donald Trump’s presidency could support DeFi projects, emphasizing the Trump family’s connection to the DeFi protocol World Liberty Financial, which may expedite advancements in this field. 
Moreover, demand for leveraged Ethereum ETFs has increased by 160% recently, further indicating a rapid rise in investor interest in Ethereum. The <a href="https://en.coin-turk.com/optimistic-altcoin-analyst-shares-insights-on-solana-and-other-cryptocurrencies/" data-wpel-link="internal">altcoin</a> leader could challenge Bitcoin’s dominance in this area, driven by legal successes and increasing ETF performance. 
Ethereum’s price rise signals greater growth potential in the future, fueled by regulatory optimism and investor confidence. 
The post <a href="https://en.coin-turk.com/spot-ethereum-etfs-attract-significant-investment-surpassing-bitcoin-etfs-since-november/" data-wpel-link="internal">Spot Ethereum ETFs Attract Significant Investment, Surpassing Bitcoin ETFs Since November</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Spot Ethereum ETFs Attract Significant Investment, Surpassing Bitcoin ETFs Since November

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