Ethereum ETFs have surged ahead in the market over the past week, sparking optimism in the crypto industry.
Ethereum's Impact on the ETF Market
According to Farside Investors, from November 22 to 27, spot Ethereum ETFs attracted $224.9 million in net inflows, while Bitcoin ETFs garnered $35.2 million in the same period. This coincided with an 8% price rise of ETH to $3,590.
ETH to BTC Price Ratio Growth
In the past seven days, Ethereum's value has risen by 7.7%, while Bitcoin's price has decreased by 2%. This brought the ETH to BTC price ratio back up to 0.037 BTC. Despite the decline, spot Bitcoin ETFs have seen a record-breaking month with over $6.2 billion in net inflows.
Factors Driving Ethereum's Surge
Ethereum's success is partly linked to Tornado Cash's recent court victory in the U.S. Reports about Paul Atkins potentially becoming the new SEC Chair might further bolster ETH's performance. Additionally, Donald Trump's assets in DeFi might benefit from a strong DeFi ecosystem in his presidency.
The rising interest in Ethereum ETFs highlights its significance within the crypto scene and suggests possible shifts in investment preferences amid regulatory changes.
