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Cryptocurrency News Articles

Ethereum ETFs Record $515M Inflows Following U.S Elections

Nov 25, 2024 at 12:00 am

The current bull market, buoyed by the post-election landscape, is witnessing Ethereum ETFs attract unprecedented inflows totaling $515 million

Ethereum ETFs Record $515M Inflows Following U.S Elections

The current bull market is seeing institutional enthusiasm for Ethereum ETFs, with the latest data showing inflows of $515 million.

Meanwhile, Binance Coin (BNB) is riding this wave with price expectations reaching $720 and potentially higher.

Emerging project BlockDAG is experiencing unprecedented growth this bull run, having raised $20M in just under 48 hours. It has garnered a total of $150 million in its ongoing presale.

With the BULLRUN100 promo concluding in 4 days, demand is at an all-time high.

This promo offers a 100% bonus and early access to BDAG coins, sparking excitement among influencers and analysts alike. They are spotlighting BlockDAG’s impressive 2,240% price increase, promoting it as a standout choice for sustained crypto growth.

Ethereum ETFs Record $515M Inflows Following U.S Elections

According to the latest data, Ethereum ETFs saw a $515 million inflow between November 11 and November 15.

This marks a significant increase in institutional interest, with BlackRock’s ETHA contributing $287 million and Fidelity’s FETH adding $199 million.

Analysts are attributing this uptick to the anticipation of favorable crypto policies under the new administration.

Furthermore, Monochrome’s novel Ethereum ETF provides tax advantages, allowing for CGT-free transfers through its distinctive dual-access trust structure.

Despite fluctuations in the market, Ethereum demonstrates durability with a 17.90% rise over the past 30 days.

As regulatory conversations progress, the SEC’s review of public opinions on direct Ethereum ETFs underscores increasing engagement in this field.

Binance Coin (BNB) Eyes $720 and Possibly More

Binance Coin (BNB) has been climbing, staying above $600 since November 9 even with some sell-offs. It’s up 7.0% for the week and 6.9% for the month, with analysts predicting more increases.

Analyst Alienopstrading sees BNB possibly reaching $720, and Val Me has an even higher target of $1,300, backed by strong RSI and moving averages.

Still, it’s wise to be careful as market trends can change fast. Watching crucial support levels and overall crypto market activity will help manage any sudden changes.

BlockDAG Achieves Unprecedented Presale Success

BlockDAG has positioned itself as a frontrunner in decentralized technologies through its presale, raising a remarkable $150 million and distributing over 16.3 billion BDAG coins.

This achievement positions it as the biggest presale in cryptocurrency history, showcasing the substantial interest in utility-focused projects that deliver genuine value.

While ETH and BNB continue to perform strongly due to the current bull market, BlockDAG’s growth has been steady, remaining largely unaffected by general market conditions.

The potential of BlockDAG is evident in its dramatic price increase. The BDAG coin is now priced at $0.0234, marking an incredible 2240% rise from its initial $0.001 price in the first batch.

Interest in BDAG coin has soared to new heights thanks to its ongoing BULLRUN100 promotion. This promo code effectively doubles the BDAG coins recipients acquire with each purchase.

Additionally, using this code allows purchasers early access to their BDAG coins, giving them a significant edge in maximizing returns.

With the BULLRUN100 offer ending in just 4 days, the urgency to take advantage of this unique opportunity is critical. Influencers like @cryptogems555 are stressing the importance of acting now to secure these benefits.

As new holders join daily due to this incentive, BDAG’s value is expected to climb even higher. Early participants, much like those from the first batch, are positioned to see significant gains, currently enjoying a ROI of 2,240%.

Looking Forward: Key Crypto Trends to Watch

The post-election cryptocurrency rally has led to substantial growth, with Ethereum ETFs seeing $515 million in inflows and Binance Coin setting sights on a $720 price target.

Yet, it’s BlockDAG’s $150 million presale that’s capturing the spotlight. With BDAG now at $0.0234, it has soared 2240% since its launch.

The BULLRUN100 promo code adds to its allure by providing a 100% bonus on coins and early access to airdrops. As this promo ends on November 28th, there’s a brief chance left to engage with BlockDAG and gain early involvement in a project with significant potential.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

News source:coinedition.com

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