Spot Ethereum ETFs in the U.S. have just seen their largest inflows in six weeks, thanks to Donald Trump’s election win and the recent Federal Reserve rate cut. On November 8, these nine ETFs received a net inflow of $85.9 million. This marks a return of interest in Ether ETFs after several weeks of outflows. Market experts are now optimistic, with some predicting that Ethereum could hit $4,000 by the end of the month.
Here’s more you need to know.
Ethereum ETFs are seeing a surge in inflows, fueled by Bitcoin’s record-breaking rise above $77,000. On November 8, spot Ethereum ETFs saw their highest weekly inflow of $85.9 million, pushing total weekly inflows to $155 million, according to Farside.
This surge followed earlier inflows of $52.3 million on November 6 and $79.7 million on November 7. However, these gains came after a major outflow of $63.2 million on November 4, indicating a shift in market sentiment.
Although these inflows are still smaller than those into spot Bitcoin ETFs, they signal a positive trend for Ethereum. With altseason gaining momentum, it’s likely that these inflows will continue, strengthening Ethereum’s position in the market.
BlackRock, the world’s largest asset manager, just saw its biggest daily inflows into its spot Ether ETF in 94 days. On November 8, BlackRock’s iShares Ethereum Trust ETF (ETHA) received $60.3 million, the highest since August 6.
This surge comes as Ether’s price hovers near $3,000 for the first time since August, fueling excitement that Ethereum could be on the brink of a major rally.
With the Fed lowering interest rates to 4.5%, Ethereum becomes more attractive to investors, especially as the Ethereum staking yield has remained steady at 4%, making it competitive with traditional bonds.
Looking at the weekly chart ETH has already surged 22% this week, currently trading around $3,044, and is now aiming to break key resistance levels. If it surpasses $3,500, it could rally toward $4,093 and possibly even reach a new all-time high.
However, on the flip side, a drop below $2,817 could derail this bullish outlook and take to retest the $2600 support level.
As Ethereum’s momentum builds, all eyes are on the upcoming weeks, where a major breakout could be on the horizon.
In recent months, many major companies around the world have started buying large amounts of…
Many crypto investors dream about the day their favorite coin takes off — and for…
As the month of May draws to a close, investors are searching for the best…
This week’s crypto spotlight shines brightly on a select group of coins capturing investor interest…
Most investors who passed on Bitcoin early didn’t lack belief — they lacked access, context,…
Is meme coin season peaking, or just getting smarter? Right now, Kaspa (KAS) market sentiment…