Ethereum ETFs’ impressive inflows face a new setback. Analysts cite the election as a catalyst for the inflow surge.
He highlighted this as a significant recovery for ETH ETFs, noting that the dramatic turnaround came after a prolonged period of persistent outflows.in the 2024 U.S. presidential elections. Analysts suggest this has acted as a catalyst for renewed investor enthusiasm in ETH ETFs.
“Beta with a side of bitcoin is how I’d best describe the flows over the past week, since the Election and really for the whole year.” The trend continued into this week, with the 18th of November seeing another $39.08 million in outflows. Among the nine ETFs, only Fidelity’s FETH managed to post inflows.If this trend persists, it would mark the first time since early November that ETH ETFs end a week in the red—a sharp contrast to the optimism seen earlier.Meanwhile, Ethereum’s price rally, which initially followed the election buzz, appears to have run out of steam.
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