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The Ethereum ETFs have recently outperformed their Bitcoin counterparts in terms of net inflows over the last four trading days.
Over the last four trading days, Ethereum ETFs have outperformed their Bitcoin counterparts in terms of net inflows.
According to the data, Ether ETFs recorded net inflows of $224.9 million between November 22 and November 27, while Bitcoin ETFs only accumulated $35.2 million during the same period.
Here's a breakdown of the net inflows for both types of ETFs:
Ether ETFs:
Monday, November 22: $60.1 million
Tuesday, November 23: $45.3 million
Wednesday, November 24: $64.5 million
Thursday, November 25: $55 million
Total: $224.9 million
Bitcoin ETFs:
Monday, November 22: $11.1 million
Tuesday, November 23: $10.2 million
Wednesday, November 24: $7.5 million
Thursday, November 25: -$13.5 million
Friday, November 26: $18.1 million
Total: $35.2 million
As you can see, Ether ETFs experienced net inflows on each trading day, while Bitcoin ETFs had one day of outflows on November 25. This contributed to the lower net inflows for Bitcoin ETFs.
The growing interest in Ether ETFs could be due to several factors, including the recent legal victory for the Ethereum decentralized finance (DeFi) ecosystem, with the success of Tornado Cash in U.S. courts. Additionally, rumors are circulating that Paul Atkins, a crypto advocate, could replace Gary Gensler at the helm of the Securities and Exchange Commission (SEC), which could create a more favorable regulatory environment for cryptocurrencies.
Overall, the net inflows of Ether ETFs surpassing those of Bitcoin ETFs reflect a growing interest in Ethereum and its DeFi ecosystem. This trend could continue if regulatory conditions become more favorable and if ETH keeps showing solid performance in the crypto market.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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