Ethereum ETFs recently outperformed their Bitcoin counterparts in terms of net inflows over the past four trading days. According to the data, Ether ETFs saw net inflows of $224.9 million between November 22 and 27, while Bitcoin ETFs accumulated only $35.2 million over the same period. What happened?
Ethereum ETFs outperform Bitcoin
Recently, the price of ETH saw a significant rise of almost 8% over the past seven days, reaching over $3,590. This significant increase propelled Ethereum ETFs, which crushed Bitcoin ETFs in terms of net inflows, recording $224.9 million in just four days!
Despite a record month with more than $6.2 billion in net inflows in November, Bitcoin ETFs saw only $35.2 million in inflows over the same period, with a day of significant outflows on November 25. This contributed to their lower net inflows.
The growing interest in Ether ETFs could be seen as a catch-up opportunity, as Ethereum has lagged Bitcoin and Solana (SOL) in this bull cycle. Additionally, demand for leveraged Ether ETFs has increased by 160% since Donald Trump's election victory.
The secrets of this performance
This remarkable performance of Ethereum ETFs can be attributed to several factors. First, the key legal victory for Ethereum's decentralized finance (DeFi) ecosystem, with Tornado Cash's success in US courts. Additionally, rumors are circulating that Paul Atkins, a crypto advocate, could replace Gary Gensler as head of the Securities and Exchange Commission (SEC), which could create a more favorable regulatory environment for cryptocurrencies.
In sum, recent net inflows of Ether ETFs surpassing those of Bitcoin ETFs reflect growing interest in Ethereum and its DeFi ecosystem. This trend could continue if regulatory conditions become more favorable and ETH continues to show strong performance in the crypto market.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
