BCGAME - Free 5BTC Daily Bonus!In an unprecedented move that has captured the attention of the cryptocurrency market, exchange-traded funds (ETFs) Ethereum Spot ETFs traded in the U.S. saw a historic inflow on Nov. 11. ETFs attracted $295,5 million in inflows yesterday, more than double the previous record.
The milestone comes amid a positive upward movement in the Ethereum ecosystem, with its native cryptocurrency, ETH, experiencing impressive growth in recent weeks amid the bullish rally that began last week. In just seven days, ETH has increased its price by 33.1%.
Against this backdrop, Fidelity's Ethereum ETF led the way in inflows yesterday with $115,5 million, closely followed by BlackRock's ETHA with $101,1 million. However, Grayscale and Bitwise's products also saw inflows yesterday, albeit to a lesser extent.
The surge in investment comes after the US presidential election results, with Ethereum ETFs collectively seeing $513 million in inflows in four trading days. In addition, daily trading volume also saw a further significant increase of $912,9 million.
These recent movements suggest growing optimism in the market regarding regulatory changes in the cryptocurrency industry in the US.
At the time of publication, the price of Ethereum is trading at $3.247,91, up 2.1% over the past 24 hours. Currently, Ethereum (ETH) trading volume is at $76.020.225.363 over the past 24 hours, representing a 56,50% increase from a day ago and signaling a recent surge in market activity.
Ethereum Cryptocurrency Price Could Be Worth $6.000 by Early 2025
Since the beginning of November, the price of Ethereum has been on an impressive upward trajectory, with an increase of over 40%.
The digital currency is currently trading at $3.400. Scott Melker, host of The Wolf of All Streets podcast, shared in a recent post on X his Ethereum price prediction that could reach $XNUMX. US$6.000 as early as Q2025 XNUMX. The reason? A market phenomenon he describes as “Scarcity Mode.”
