Ethereum

Bitcoin

Tornado Cash

The U.S. market witnessed an intriguing shift as spot Ethereum exchange-traded funds (ETFs) outpaced Bitcoin ETFs during the Thanksgiving week. <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noreferrer noopener nofollow">Data</a> from SoSoValue revealed that from Nov. 22 to Nov. 27, nine Ether ETFs recorded inflows of $224.8 million, significantly overshadowing the $32.2 million inflows across 12 Bitcoin ETFs. 
This increase in spot ETH ETFs coincides with contrasting price trends in the crypto market. While Bitcoin price dipped 2.7% over the past week, Ethereum surged by 5.3%. The rally appears linked to Ethereum’s partial legal win involving Tornado Cash and optimism about regulatory changes under a potential Trump administration.&nbsp; 
Reports suggest that former SEC commissioner Paul Atkins, a crypto advocate, may replace current Chair Gary Gensler, further fueling hopes for a pro-DeFi environment.&nbsp; 
Despite this week’s slowdown, Bitcoin ETFs have had a stellar November, accumulating over $6.2 billion in inflows—a monthly record. Notably, Bitcoin ETFs saw their highest inflows between Nov 18 and Nov 22, hitting $3.38 billion as BTC approached $99,645. 
Ethereum’s ETF success highlights rising investor confidence, with its cumulative inflows nearing $240.41 million. As of November, <a href="https://www.cryptotimes.io/2024/11/28/us-spot-ethereum-etfs-hits-10-8b-in-total-net-assets/" target="_blank" rel="noreferrer noopener">Spot Ethereum ETFs’</a> total net assets are worth $10.80 billion. 
In the past three days, the total net inflows, are currently valued at $133 million. The daily net inflow on 27 November also witnessed a substantial inflow of $90.10 million, reflecting growing investor confidence in ETH. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/28/will-bitcoin-crash-again-on-thanksgiving/" target="_blank" rel="noreferrer noopener">Will Bitcoin Crash Again on Thanksgiving?</a> 
</blockquote>

Spot Ethereum ETFs Outshine Bitcoin Ahead Thanksgiving Week

The Crypto Times

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