As a seasoned crypto investor with a knack for spotting trends and understanding market dynamics, I must admit that the recent surge of net inflows into Ethereum ETFs has piqued my interest. After a tumultuous year marked by ups and downs, it seems that the tide is finally turning in favor of Ethereum.
Regarding X, Eric Balchunas, an analyst at Blomberg ETF, states that Ethereum ETFs have swiftly surged out of prolonged outflows triggered by the election, now reaching positive inflows for the first time.
2021 has seen a rollercoaster ride for Ethereum, with a 34% year-to-date increase compared to Bitcoin‘s impressive 105%. However, it has faced challenges in keeping pace with the swifter, more cost-effective Solana network. At this point, Ethereum hasn’t managed to attract the same level of attention from Exchange Traded Funds (ETFs) as Bitcoin has.
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2024-11-19 06:26