Ethereum May Improve Its Position Thanks to ETF Inflows

by Giorgi Kostiuk

a year ago

Ethereum, the largest altcoin, is beginning to emerge from Bitcoin's shadow due to increasing ETF inflows, indicating a possible improvement in its market position.

Growing Interest in Ethereum ETF

Bernstein analysts highlighted that spot Ethereum ETF inflows are increasing. On Friday, Ethereum saw more investment than Bitcoin, receiving $250 million compared to Bitcoin's $137 million.

Impact on Supply and Demand Dynamics

The increase in Ethereum ETF investments could signal a change in market supply and demand dynamics. This may indicate the end of Ethereum's underperformance compared to Bitcoin since the beginning of the year.

Prospects for ETH Staking and New Regulations

Analysts suggested that ETH staking returns could be an additional growth driver, particularly under the new Trump administration and a more crypto-friendly SEC.

Ethereum (ETH) has lagged Bitcoin (BTC) in performance since the beginning of the year, but recent spot ETF inflows suggest a turnaround. We think ETH staking returns are likely to be approved under the new Trump administration and crypto-friendly SEC, which could be another boost for staking returns ETH.Bernstein Analysts Led by Gautam Chhugani

The current state of Ethereum shows positive changes, with analysts believing this is just the start of potential growth.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Charles Hoskinson Engages XRP Community for DeFi Summit

Cardano founder Charles Hoskinson has reached out to the XRP community to discuss potential projects for a DeFi summit at the University of Edinburgh, indicating a shift towards collaboration.

Rajesh Kumar14 minutes ago

Yuzhi Financial Under Investigation for Alleged Misconduct

Yuzhi Financial's HSEX app is under scrutiny for alleged financial misconduct and withdrawal issues, raising concerns among investors.

Lucas Weissmann26 minutes ago

Ethereum's Economic Value Could Reach Trillions, Says Analyst

William Mougayar projects Ethereum's economic value could reach trillions, emphasizing its role as a public good rather than a profit-driven entity.

Filippo Romano30 minutes ago

Ethereum Trading Activity Shows Signs of Recovery

Recent analysis from CryptoQuant indicates that Ethereum trading activity on Binance is showing early signs of recovery.

Emily Carter30 minutes ago

Hassett's Leadership Potential Mirrors Volcker's Focus on Independence

Hassett's potential appointment as Federal Reserve chair draws comparisons to Paul Volcker's focus on monetary independence, which may enhance confidence in the Fed's political neutrality.