Ethereum ETFs Increase, But ETH Price Curve Lags Behind All-Time High

Almost five months after their debut, Ethereum ETFs in the US have recorded capital inflows for the first time over several weeks. The price curve of ETH only cautiously reflects this. An overview.

Ethereum (ETH), along with Bitcoin, is the only cryptocurrency that has so far made the leap to traditional stock exchanges in the USA as an ETF. A total of nine Ethereum ETFs have been available since July 23rd and their performance has been mixed for a long time. But now they are picking up speed; since November 22nd, Ethereum ETFs have been able to attract capital continuously every trading day, as data from SoSo shows.

BlackRock’s ETHA Ethereum ETF is proving to be the driving force, having seen a total of $1.5 billion in inflows over the last 16 trading days. And yet ETH is trading nervously around the $4,000 mark, around 20 percent away from the still valid Ethereum all-time high of just under $4,900 from November 2021.

The Bitcoin ETFs made their debut in January and are seen as a major reason why BTC has since reached several new all-time highs, most recently last night at just over $106,000. With Ethereum, the situation is supposedly more complicated. In July, asset manager Grayscale converted a previously closed ETH fund into an Ethereum ETF, which made it easier for long-term investors to take profits.

Around $3.5 billion have flowed out of the Grayscale ETH TF over the last five months – this has a significant impact on the overall bill for the Ethereum ETFs, which, however, still add up to a good $2.2 billion in profit since their market launch.

Among the Bitcoin ETFs, it was also the one from Grayscale, which was created from a previously closed fund and initially spoiled the mood due to capital outflows . From this perspective, ETH can slowly hope that the Ethereum ETFs will serve as a more sustainable source of investments, as they currently do. Analysts such as James Butterfill of CoinShares see Ethereum as underestimated as the “underdog of the year.”

Ethereum undervalued? Wall Street predicts good future forEthereum ETFs

They are receiving support from Wall Street. BlackRock ETF boss Jay Jacobs recently said: “We are really only at the tip of the iceberg with Bitcoin and especially Ethereum.” Only a small proportion of customers have invested in the BlackRock ETFs for Bitcoin and Ethereum, Jacobs is quoted as saying by Bloomberg ETF specialist Eric Balchunas.

In general, observers expect a development in 2025 in which capital-rich pension funds and family assets will also become noticeably involved in Bitcoin ETFs and possibly also those for Ethereum.

Conclusion: ETH price development seeks support from Ethereum ETFs

Donald Trump’s election victory has ushered in a special crypto season, from which Bitcoin has so far benefited the most. But Solana (SOL), Tron (TRX) and Binance Coin (BNB) have also been able to set new all-time highs in this wake – Ethereum, on the other hand, has not managed to do so so far, despite increased support from ETFs.

It remains to be seen whether the pulling power of Ethereum ETFs may have been overestimated or whether it will pay off at a later date. Investors are advised to first consider the $4,000 mark for Ethereum and then the current all-time high of just under $4,900 when evaluating ETH – these price points must be cracked before a new era can begin for the number two cryptocurrency.

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