The ETFs on Ethereum record inflows and record volumes: ETH ready to take off!

3 weeks ago 19

The ETFs on ETH continue to print more than positive numbers in the month of November, marking a high trading volume and a record inflow.

The US funds listed on Ethereum are now beginning their true phase of expansion on the stock exchange, under the protective wing of the new president Donald Trump.

The outlook for the cryptocurrency is strongly bull, with a target that sees the break of 4,000 dollars by the end of the year.

All the details below.

The performance of Ethereum (ETH) ETFs in November: inflow and record volumes

Throughout the entire month of November, Ethereum (ETH) spot ETFs reported a capital inflow and a trading volume far exceeding expectations.

In 20 days of trading on the American stock exchange, the cryptocurrency investment product has added capital of over 1 billion dollars.

The last sessions of the month have been particularly profitable, with Friday, November 29 being celebrated as a record day for investment inflows.

In a single stroke, 332 million dollars were added to the basket of exchange-traded product on ETH, even surpassing the 295 million of November 11.

In parallel, volumes have also skyrocketed, bringing more and more players to compete for a share of the promising cryptocurrency.

Consider that during the month, trades amounting to 9.75 billion dollars were completed, while the Total Net asset rose to 11.04 billion dollars.

These data bode well for a bull performance of ETH from now until the coming months. After being overshadowed by Bitcoin, the second cryptocurrency by market capitalization is ready to emerge as a protagonist.

According to data from Farside Investors, gli ETF su ETH di BlackRock e Fidelity have led the trend of inflows and volumes over the past week.

The iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH) contributed to the majority of Friday’s positive inflows. The former alone attracted 250 million dollars while the latter added 79 million dollars.

Investors prefer these two specific funds because of their internal liquidity, the convenience of the fees, and their brand awareness.

In total since the launch of these ETFs in July, BlackRock and Fidelity have triggered inflows of nearly 3 billion dollars, offsetting the heavy outflows of Grayscale.

The impact of Donald Trump’s presidency on Ethereum ETFs

The positive data of Ethereum (ETH) spot ETFs regarding volume and inflow are amplified by Donald Trump’s victory in the presidential elections.

The entry into the White House of the Republican has indeed had a strongly positive effect not only on Bitcoin, but also on the entire altcoin and decentralized finance sector

Unlike his democratic predecessors, Trump is openly in favor of developing a crypto -based economy in the United States.

Throughout his election campaign and in the post-election period, he pushed for a tax cut on capital gain for companies that operate with digital assets.

Furthermore, it has put pressure on the Securities and Exchange Commission so that Gary Gensler was replaced by a president more open to new technologies.

Trump, along with his family, has also launched a DeFi project, demonstrating his personal interest in a more free and transparent cryptographic market.

It is not a coincidence if ETH has outperformed Solana and Bitcoin since Trump’s election.

At the same time, Ethereum ETFs also recorded a better volume than other digital investment products, thanks to the positive streak of the Tycoon.

We remind you that the President holds a portfolio of 973 ETH worth approximately 3.5 million dollars (data Arkham)

Together with the ETFs on the second crypto resource, the futures on the ETFs on the Chicago Mercantile Exchange (CME) have also improved. According to CoinGlass, the investment product dedicated to institutional players has reached a historical open interest of nearly 3 billion dollars.

ETH looks at the target of 4,000 dollars: the crypto is bullish!

Driven by Trump and the record volumes of Ethereum spot ETFs, the cryptocurrency ETH closed the month of November with an excellent +47.38%.

In just 30 days, the prices went from 2513 dollars up to reach the local high at 3740 dollars, then closed at 3,706 dollars.

The bull attempted over the weekend the incursion towards 4,000 dollars, however failing the shot.

Now the appointment is postponed to the month of December, with the target that could be easily reached thanks to the bullish strength of ETH.

Now just a bullish momentum of 11.80% is missing to cut the ribbon of 4,000 dollars and welcome the road towards the all-time-high of the asset, set at 4,800 dollars.

Various traders and crypto experts agree on the bullish momentum of Ethereum.

In a recent tweet on X, Edward Morra described ETH as “the most obvious recovery operation of this cycle”.

Joel Kruger, market strategist at LMAX Group, instead referred to the growing relationship of the ETH-BTC chart. After a bull trend for Bitcoin for almost 3 years, it seems the period of Ethereum has arrived.

“We believe that the best prospects for the DeFi sector, namely a more favorable regulatory climate with the incoming U.S. administration, are the main driver of the change in opinion, as market participants can now see a clearer path towards investments in Ethereum”

Also on Polymarket, the bets on ETH favor a bullish trend from now until the end of 2024. Traders are heavily betting on breaking the $4,000 mark.