Ethereum spot ETFs saw a net inflow of $151 million on Tuesday, extending a streak of positive capital flow that began on November 22. Bitcoin ETFs also added $494 million. Analysts speculate that a Trump administration may open the doors for staking in Ethereum ETFs, driving demand. The success of crypto ETFs will depend on regulation, investor confidence, and market adaptation to new financial instruments. The lack of redemption options for Grayscale's Ethereum Trust contributed to Ethereum's relative weakness compared to Bitcoin. Despite strong inflows, both Bitcoin and Ethereum saw a significant drawdown in the past day. The Federal Reserve is expected to reduce rates at Wednesday's Federal Open Market Committee meeting, which could impact the crypto market. Overall, analysts remain bullish on Bitcoin and Ethereum.
- Content Editor ( decrypt.co )
- 2024-12-18
Ethereum ETF Hot Steak Continues Amid Trump Regulatory Optimism