ETH is going to the moon? The US Ether Fund's spot ETF had a net inflow of $295 million in a single day, setting a new all-time high.

With the continuous big pump of the Cryptocurrency market after Trump's election, EthereumSpot ETF set a historic single-day inflow record on November 11th, with a net inflow of $295 million. Analysts indicated that Ethereum, which has been lagging behind in the past, is starting to catch up with its competitors such as BTC and SOL in this Bull Market. According to SoSoValue data, the total net inflow of EthereumSpot ETF on November 11th reached $295 million, breaking the previous single-day inflow record of $106 million set on the launch day of July 23rd. The largest net inflow for EthereumSpot ETF yesterday was FETH from Fidelity, with a single-day net inflow of $115 million, bringing its total net inflow to $673 million. This was followed by ETHA from BlackRock, with a single-day net inflow of $101 million, making its total net inflow reach $1.538 billion. Grayscale's Ethereum Mini Trust ETF ETH had an inflow of $63.32 million, ranking among the top three, while Bitwise's ETHW had a net inflow of $15.57 million, and all other EthereumSpot ETFs had zero inflow. As of now, the total net asset value of EthereumSpot ETF is $9.72 billion, with an ETF net asset ratio (Market Cap as a percentage of total Ethereum Market Cap) of 2.41%. The historical cumulative net outflow is $413 million, mainly affected by the net outflow of $3.14 billion from Grayscale's EthereumSpot ETF ETHE since its listing. Excluding ETHE's net outflow, the cumulative net inflow is nearly $3.1 billion. Coingecko data shows that the future of Ethereum is bullish. After being in a slump for a long time, Ethereum has been continuously soaring since the election of the Republican presidential candidate Trump, currently trading at $3365, reaching a new high since July this year, with a recent 7-day increase of 38.5%. BTC Markets Cryptocurrency analyst Rachael Lucas stated that Ethereum is catching up with its competitors such as BTC and SOL in this Bull Market. For most of this period, Ethereum has been lagging behind, but now it is beginning to catch up. After a relatively slow start, EthereumSpot ETF is gaining momentum. Rachael Lucas believes that the stake returns of Ethereum (currently not available through the US Spot Ethereum ETF) will become more attractive to traditional investors as they start to consider the Bull Market prospects of Ethereum, so there is no reason to believe that ETH will not perform well. CK Zheng, founder of ZX Squared Capital, stated that Ethereum may benefit from the upcoming pro-Cryptocurrency Trump administration. If the new Trump administration actively promotes Blockchain technology and accelerates the digitization of the financial industry, ETH and SOL will perform well in the coming months. Related reports include BTCV breaking through $81,500 to reach a new high, Ethereum approaching $3,250 leading to over 210,000 people getting liquidated, BTC breaking through $76,800 to reach a new high, Ethereum rising above $2,900, and the Federal Reserve cutting interest rates by 1 basis point. While the stock market rises, there are fewer falls. BTC breaking through $76,400 to reach a new high, Ethereum rising above $2,800, and Trump's victory leading to a surge in the US stock market. The article 'Will ETH soar? US EthereumSpot ETF sets a new high with a single-day net inflow of $295 million' was first published on BlockTempo, the most influential Blockchain news media in Motion Zone.