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 <li>Ethereum ETFs recorded $224M in inflows from November 22–27, outperforming Bitcoin ETFs, which received only $35M during the same period.&nbsp;&nbsp;</li>   
 <li>Ethereum reclaimed the top spot as the leading USDT network, surpassing TRON with a $60B supply due to increased minting activity.&nbsp;&nbsp;</li>   
 <li>Institutional interest in Ethereum ETFs is rising, highlighted by BlackRock’s iShares Ethereum Trust, which has accumulated over $2B in inflows since July.&nbsp;</li> 
</ul>   
<p>The cryptocurrency market witnessed large trading volumes of ether ETFs on, 29 November, spearheaded by BlackRock iShares Ethereum Trust. The ETF mobilized nearly $250 million per day to become significant in the market. Since its launch on July 29, the investment vehicle has accumulated over $2 billion, as revealed by the ETF Store president, Nate Geraci.</p>   
<p>Thus, the alchemist inflows rise in parallel to Ethereum's stable performance, which currently reaches $3,662, for a 1.88% upsurge in the last 24 hours. Analysts suggest that such inflows could absorb selling pressure, creating potential conditions for a price surge in Ethereum.</p>   
<h2 class="wp-block-heading" id="h-ethereum-etfs-daily-direct-inflows"><strong>Ethereum ETFs: Daily Direct Inflows</strong></h2>   
<p>Compared to <a href="https://cryptonewsland.com/?s=Bitcoin+ETFs+" target="_blank" rel="noreferrer noopener sponsored nofollow">Bitcoin ETFs </a>in the same period, Ethereum ETFs have exhibited relatively good performance. According to data from Cipher, between November 22 and 27, Ethereum ETFs attracted $224 million. However Bitcoin ETFs attracted only $35 million. On November 29, Ethereum ETF outperformed Bitcoin ETFS by attracting $10m more in funds, a success that goes to the second largest crypto by market cap.&nbsp;</p>   
<p>Felix Hartmann, founder of Hartmann Capital, highlighted the shift in market sentiment, noting that Wall Street has increased its involvement in Ethereum-based products. This event increased institutional demand for Ethereum and, more generally, an uptick in interest in altcoins in the cryptocurrency space.&nbsp;</p>   
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   https://twitter.com/FelixOHartmann/status/1862732924199608336 
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<h2 class="wp-block-heading" id="h-ethereum-becomes-nbsp-the-top-network-of-usdt-nbsp"><strong>Ethereum Becomes&nbsp; the Top Network of USDT&nbsp;</strong></h2>   
<p>Currently, Ethereum is back on top as the favored blockchain for <a href="https://coinmarketcap.com/currencies/tether/" target="_blank" rel="noreferrer noopener">Tether (USDT)</a> transactions, leaving TRON for the first time since August 2022. New USDT issuance on the Ethereum platform rose by 9.5 % to cross $60 billion this week, while USDT on TRON dropped by 1.5 %, touching $58 billion.&nbsp;</p>   
<p>A gradual shift from USDT started on November 21, and the divergence was even starker on November 23 when Tether created $2bn of USDT on <a href="https://cryptonewsland.com/tether-mints-2-billion-usdt-on-ethereum-as-crypto-market-anticipates-growth/" target="_blank" rel="noreferrer noopener sponsored nofollow">Ethereum</a> and TRX jointly created only $1bn. This achievement further strengthens Ethereum as a platform for institutional financial activities such as tokenizing digital assets of the dollar.&nbsp;</p>   
<p>However, TRON continues to be preferred within inflationary economy regions, mostly because of its low fees and fast transactions. The total USDT supply was enjoying its record high of $132 billion due to the overall positive sentiment observed in the crypto market.&nbsp;</p>   
<p>With the rising activity on Ethereum’s blockchain platform and recent court approval of the decentralized finance (DeFi) system, investors’ confidence has been boosted, putting Ethereum at the center of developing bitcoins.</p> 
<p>The post <a href="https://cryptonewsland.com/spot-ether-etfs-surpass-bitcoin-in-daily-inflows-for-the-first-time/">Spot Ether ETFs Surpass Bitcoin in Daily Inflows for the First Time</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Spot Ether ETFs Surpass Bitcoin in Daily Inflows for the First Time

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