The inflows into spot Ethereum ETFs have accelerated again, particularly after Donald Trump's victory and the Federal Reserve's announcement of a 25 basis point rate cut this week. Over the past three consecutive days, Ethereum ETFs have recorded net inflows, with total outflows decreasing from a peak of $550 million weeks ago to $324 million.
Spot Ethereum ETFs are favored again.
As Bitcoin hits a historic new high of over $77,000, the world's largest altcoin Ethereum (ETH) is also gaining significant traction. Consequently, the inflows into spot Ethereum ETFs have slightly increased again, reaching a weekly high of $85.9 million on Friday, November 8. Thus, following Donald Trump's victory, the weekly inflow surged to $155 million.
Yesterday, BlackRock's Ethereum ETF (ETHA) saw the highest inflow of $59.8 million, followed by Fidelity's FETH with $18.4 million. Like ETHA, FETH has also seen sustained healthy inflows this week. According to Farside Investors, the total inflows into BlackRock's Ethereum ETF have now reached the milestone of $1.4 billion.
However, this figure still pales in comparison to the inflows of the U.S. spot Bitcoin ETF. Nonetheless, this is a healthy development, as inflows may further increase with the warming of altcoin season.
Additionally, investors are closely monitoring the development of Ethereum (ETH) prices. Over the past week, ETH has outperformed BTC, with an increase of 18%, while BTC rose by 9.9%. The ETH/BTC ratio has been declining over the past three years, but a healthy upward trend is now emerging.
Furthermore, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on spot Ethereum ETF options trading.
Will ETH price rise to $4,000?
As the inflows into spot Ethereum ETFs trend towards health, investors are optimistically believing this will further reflect in future ETH prices. As of the time of writing, Ethereum's price has risen by 4.86%, breaking through the key resistance level of $3,000. This is a critical breakthrough as ETH flipped the 200-day moving average (DMA), shifting sentiment from bearish to bullish.
If the bulls can confidently hold these levels, a further rise to $4,000 may be possible. Moreover, this breakthrough for Ethereum comes after 90 days of accumulation, demonstrating a strong upward trend. Some analysts believe this could be the beginning of a super bull market, with prices reaching $15,000.
