The post Significant $83 million daily inflows recorded for Ethereum ETF by Fidelity – What’s next? appeared on BitcoinEthereumNews.com.

Ethereum ETFs saw a rebound, bringing relief to the 17 million holders in the red.  ETH will need to step up to stay ahead in the competitive altcoin race. The New Year buzz is still pretty active now, especially with Bitcoin [BTC] consolidating on the charts. Historically, Q1 has been bullish for the crypto market, typically creating an environment well-suited for altcoins to attract capital. Meanwhile, Ethereum [ETH] ETFs are gaining traction too, with impressive inflows. In fact, Fidelity’s Ethereum ETF (FETH) saw $83 million in net inflows – A sign that investors may be starting 2025 with a focus on diversification. While it may be too early to draw firm conclusions, Ethereum’s 1.04% price hike seemed to allude to an emerging trend worth keeping an eye on. For Ethereum, it’s a long road ahead Since the “Trump pump,” the market has seen several shifts in momentum. What initially seemed like a strong bull rally, with Bitcoin hitting the $100k milestone at the close of the year, has since tapered off. As a result, the “high risk” sentiment is clearly keeping investors cautious. Ethereum hasn’t been immune to this shift either. After the initial surge, its price fell back to where it was a month ago, erasing much of its election-induced gains. With around 17 million Ethereum addresses now in the red, the pressure for a rebound is building up. And yet, amidst the uncertainty, $117 million in net inflows through ETH ETFs brings some much-needed relief. Source: Farside Investors This marks a positive sign, particularly after two consecutive days of moderate institutional interest – A sign that Ethereum could still be poised for a recovery. That being said, a full rebound to $4,000 still seems a long way off. Technically, it would require an 18% jump. And, given its…

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Filed under: News - @ December 28, 2024 3:09 am