Ether ETFs Beat Bitcoin Funds in Weekly Inflows for First Time as DeFi Scores US Court Victory

Spot Ether ETFs took in $224.9 million in net inflows over the four trading days between Nov. 22-27, while spot Bitcoin ETFs tallied $35.2 million.

Ether ( ETH ) exchange-traded funds (ETFs) have seen more net inflows from investors than their Bitcoin counterparts for the first time since Nov. 22, as a key victory in a U.S. court this week boosted the decentralized finance (DeFi) ecosystem.

Spot Ether ETFs took in a total of $224.9 million in net inflows over the four trading days between Nov. 22-27, while spot Bitcoin ETFs tallied $35.2 million in net inflows mainly due to a heavy day of outflows on Nov. 25, data from Farside Investors showed.

This follows an almost 8% Ether ( ETH ) price rally to more than $3,590 over the past seven days.

According to one industry executive, the price gain could be attributed to Ethereum-based Tornado Cash’s recent court victory in the United States, as well as reports that crypto advocate Paul Atkins may replace Gary Gensler and lead a more crypto-friendly Securities and Exchange Commission (SEC).

Spot Ether ETF flows since Nov. 11. Source: Farside Investors

Depending on how the Nov. 29 trading day goes, it could be the first week that the U.S. Ether funds beat spot Bitcoin ETFs in net inflow.

ETH to BTC price ratio rises

Over the past seven days, Ethereum increased 7.7% to $3,590 while Bitcoin fell 2% to $96,780 — bringing the ETH to BTC price ratio back up to 0.037 BTC.

Despite the recent slowdown, spot Bitcoin ETFs had a record-breaking month with more than $6.2 billion of net inflows in November — which includes an impressive $3.1 billion of inflows last week.

Markus Thielen, founder of 10x Research, said that crypto privacy mixer Tornado Cash’s partial court victory likely contributed to Ethereum’s price rally as it is the dominant decentralized finance (DeFi) chain.

Thielen also suggested that reports of former SEC commissioner and crypto advocate Paul Atkins being the frontrunner to replace Gary Gensler as the SEC’s chair may have benefited Ethereum. He said:

Related: Ether price faces correction before rally to $20K in 2025 — Analysts

According to Thielen, President-elect Donald Trump and his sons would benefit from a more robust DeFi ecosystem because of their involvement in DeFi protocol World Liberty Financial.

“[This] sends a strong signal of a potential DeFi renaissance under a Trump presidency.”

Thielen added that Ethereum could also be seen as a “catch-up trade,” as it has lagged behind Bitcoin and Solana in this bull cycle.

Meanwhile, leveraged spot Ether ETF demand has increased 160% since Trump’s election victory, K33 Research noted on Nov. 28.

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