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The ETFs on ETH continue to print more than positive numbers in the month of November, marking a high trading volume and a record inflow. The US funds listed on Ethereum are now beginning their true phase of expansion on the stock exchange, under the protective wing of the new president Donald Trump. The outlook for the cryptocurrency is strongly bull, with a target that sees the break of 4,000 dollars by the end of the year. All the details below. The performance of Ethereum (ETH) ETFs in November: inflow and record volumes Throughout the entire month of November, Ethereum (ETH) spot ETFs reported a capital inflow and a trading volume far exceeding expectations. In 20 days of trading on the American stock exchange, the cryptocurrency investment product has added capital of over 1 billion dollars. The last sessions of the month have been particularly profitable, with Friday, November 29 being celebrated as a record day for investment inflows. In a single stroke, 332 million dollars were added to the basket of exchange-traded product on ETH, even surpassing the 295 million of November 11. In parallel, volumes have also skyrocketed, bringing more and more players to compete for a share of the promising cryptocurrency. Consider that during the month, trades amounting to 9.75 billion dollars were completed, while the Total Net asset rose to 11.04 billion dollars. These data bode well for a bull performance of ETH from now until the coming months. After being overshadowed by Bitcoin, the second cryptocurrency by market capitalization is ready to emerge as a protagonist. Source: https://sosovalue.com/assets/etf/us-eth-spot According to data from Farside Investors, gli ETF su ETH di BlackRock e Fidelity have led the trend of inflows and volumes over the past week. The iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH)…

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Filed under: News - @ December 2, 2024 2:25 pm