Highlights
How much money flowed into Ethereum ETFs recently?
Recent data indicates that Ethereum ETFs received significant inflows, with $96.6 million on 24th November, primarily from BlackRock. Another $78.6 million was added on 25th November.
What do technical indicators say about Ethereum right now?
Technical indicators like RSI and MACD suggest a short-term bearish trend for Ethereum, but this could be temporary noise rather than a long-term weakness.
While the market is abuzz with new altcoin ETF launches, Ethereum’s steady momentum is often overlooked.
The Ethereum Spot ETF, the world’s largest altcoin ETF, has been gaining strength since its launch alongside the historic Bitcoin ETF. Investor confidence in Ethereum remains strong, as seen in recent numbers.
Analysis of Ethereum ETF inflows
On 24th November, Ethereum Spot ETFs saw a significant $96.6 million in net inflows, with BlackRock contributing $92.6 million after a two-week hiatus.
The momentum continued the next day, with ETH ETFs attracting another $78.6 million, led by Fidelity’s FETH, BlackRock’s ETHA, and Grayscale’s ETH. Notably, Grayscale’s ETHE faced outflows during this period.
Despite strong inflows into Ethereum ETFs, the asset itself is facing challenges in the current price environment.
ETH price trends
At the time of the latest ETF inflows, Ethereum was trading around $2,913.41, struggling to reclaim the $3,000 mark after a significant decline. This contrasts with its price action when ETH ETFs first launched in 2024.
The broader crypto market, including Ethereum, is under pressure due to various macro events and overall risk-off sentiment. Technical indicators like RSI and MACD indicate short-term turbulence, though this may not signal a long-term shift.
Source: Trading View
Despite the market weakness, major Ethereum whales have re-entered the market, showing increased activity after a recent price rebound.
Binance ETF developments
While Ethereum deals with volatility, the ETF landscape is evolving rapidly. VanEck recently filed for a Spot Binance BNB ETF, which will list on Nasdaq and track the MarketVector BNB Index.
The BNB ETF announcement coincided with BNB trading at $857.52, reflecting market trends affecting both Ethereum and other cryptocurrencies.
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