The inflows of Ethereum ETFs rise due to the new interest

• Spot ethereum-ETFS recorded tributaries of $ 333 million th on Friday, November 29th, which shows the institutional interest in the second largest cryptocurrency.
• experts attribute this new interest in the expectation of more clear crypto regulations in the USA and a positive outlook on Defi.

The top 10 ether ETFS in the United States recorded tributaries of $ 333 million on Friday, after a positive week with tributaries of a total of $ 466.5 million and thus exceeded Bitcoin, which recorded $ 318.60 million on Friday.

Since the approval of Ethereum-Spot-ETFs by the SEC in July 2024, the price of the cryptocurrency has remained behind that of Bitcoin and the wider cryptomarkt despite the call in the industry. The price of Ethereum fell by around 32 % in the first 15 days after approval, compared to the price of Bitcoin, which was only 15.02 % in January 2024 after the approval of the Bitcoin ETF.

Reinache in Ethereum

Despite the poor performance of Ethereum, current data show an increasing interest because institutions and dealers pay their attention to crypto.

The Financial Financial Report Investors measures, showed that 90 % of the 405 surveyed traditional investors are currently invested in blockchain protocol coins (which are largely a layer 1 coins).

The report also showed that 31 % of those surveyed who already have cryptocurrencies planned to increase their allocation in the fourth quarter of 2024, while 32 % were planning to expand their portfolio in the next six months.

of the respondents who currently do not keep cryptocurrency in their portfolios plan 43 %to increase the allocation within the next year. In total, 79 % of all respondents plan to increase the allegations within the next 6 months.

The open interest in Ethereum is growing

cme oi-Historien for Ethereum show that the open interest has increased since November 4th Th and at the time of publication is $ 3,01 millions, Which indicates a stronger institutional interest in Ethereum.

Ethereum has been in an upward trend in August since reaching an annual low of around $ 2,100 and is now closer to its annual high of $ 4,100.

Ethereum is traded at $ 3,600 at the time of writing, near his annual high.