Ethereum-based spot Ether ETFs have taken the spotlight, registering a staggering $224.9 million in net inflows over the past four trading days, far outpacing Bitcoin ETFs, which only saw $35.2 million in the same period. This difference highlights Ethereum’s increasing popularity and growing investor trust.
Over the past week, Ethereum’s price surged 7.7%, reaching $3,590, driven by Tornado Cash’s legal victory in U.S. courts and reports that Paul Atkins, a crypto-friendly figure, could replace Gary Gensler as SEC Chair.
Ethereum’s value relative to Bitcoin also increased, pushing the ETH/BTC ratio to 0.037 BTC. Despite Ethereum’s recent gains, Bitcoin ETFs remain the overall leader, with an impressive $6.2 billion in inflows for November.
Is a DeFi Renaissance on the Horizon?
Speculation about a DeFi renaissance is building, fueled by President-Elect Donald Trump and his sons’ reported ties to World Liberty Financial, a DeFi protocol. Analysts suggest that under Trump’s administration, Ethereum and the broader DeFi ecosystem could experience a new era of growth.
According to 10x Research Founder Markus Thielen, Ethereum’s price surge can be attributed to Tornado Cash’s partial legal victory and the expectation of a more crypto-friendly regulatory environment. Thielen remarked, “These developments have transformed Ethereum’s regulatory headwinds into a supportive tailwind.”
Experts also see Ethereum as a “catch-up trade,” noting its lag behind Bitcoin and Solana in the current bull cycle. Demand for Ether ETFs has risen 160% since Trump’s election victory, reinforcing this perspective. Ethereum’s robust DeFi foundation presents investors with opportunities for growth and higher returns.
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