Ethereum ETFs turn positive, signaling investor interest. Exec predicts a $10K target, hinting at upcoming buying pressure.
Trading activity also ramped up, with a total value of $582.18 million traded and total net assets climbing to $9.67 billion.
Of the nine ETFs, five saw inflows. Meanwhile, only Grayscale Ethereum Trust recorded outflows, with the remaining funds showing no new inflows.The latest development caught the attention of industry leaders on X .However, as inflows turn positive for the first time, this might signal a shift.This latest milestone comes a day after the ETFs experienced a record-breaking day on 11th November, registering $295 million in inflows.
This influx, led by industry giants like Fidelity and BlackRock, marked nearly triple the previous peak of $106.6 million recorded on launch day.on X that Bitcoin ETFs crossed the $90 billion mark in assets under management, following a substantial $6 billion increase.IBIT reached $1 billion in trading volume within just 25 minutes—faster than the previous day, when it went on to break an all-time record.Kamina is a content writer at AMBCrypto. With a Journalism degree and MBA in International Business, she expertly navigates blockchain, crypto, and AI, melding her academic insights with future-forward interests to create compelling narratives that educate and inspire in the evolving digital landscape.Subscribe to get it daily in your inbox.
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