Ethereum shows significant achievements recently, with price growth and increased interest in ETFs and leveraged products linked to optimism about potential regulatory changes.
Impressive Ethereum ETF Inflows
Ethereum ETFs have attracted more investor interest than Bitcoin ETFs in recent days. From November 22 to 27, spot Ethereum ETFs recorded $224.9 million in net inflows. A key factor was the nearly 8% price increase of Ethereum over the past week, linked to a U.S. court victory for Tornado Cash and speculation about a potential pro-crypto SEC chair replacement.
Rising Interest in Leveraged Products
Investor interest in leveraged Ethereum-based trading products surged, indicating strong momentum for possibly surpassing the $4,000 mark. The VolatilityShares 2x Ether ETF positions have grown by 160% over the past month.
Ethereum Holders Profitable
90% of Ethereum holders are currently in profit thanks to the recent price rise. The sentiment remains cautious regarding Ethereum reaching the $4,000 mark, as the number of short positions at this level continues to grow.
Ethereum remains an attractive investment for market participants due to its ETF growth and considerable future prospects. Despite rising interest in leveraged products, investors remain cautious due to Bitcoin's high dominance.
