Ethereum ETFs have surpassed Bitcoin ETFs in recent investor inflows. From November 22 to 27, Ether ETFs received $224.9M, while Bitcoin ETFs attracted only $35.2M. This jump correlates with Ethereum's spectacular price increase, which is approaching $4,000.
Optimism over regulatory changes and a future pro-crypto SEC chair drove Ethereum's rise. Leveraged ETH products experienced significant demand, with VolatilityShares 2x Ether ETF positions increasing by 160%. Investor mood remains mixed as short positions increase.
However, market indicators show that ETH prices can rise further. The significant market dominance of Bitcoin continues to pose hurdles for altcoins, including Ethereum.
Ethereum's current surge is due to its dominance in decentralized finance (DeFi). A victory in a US court for Ethereum-based Tornado Cash bolstered confidence. Industry analysts feel that these facts point to a more crypto-friendly regulatory climate.
The ETH/BTC price ratio increased as Ethereum soared 7.7% last week, while Bitcoin fell 2%. This is the first time Ether funds may beat Bitcoin ETFs in weekly net inflows.
