Will ETH take off? The US Ethereum spot ETF recorded a net inflow of $295 million in a single day, setting a new historical high.

As the cryptocurrency market continues to soar following Trump's election, Ethereum spot ETF recorded the largest single-day inflow in history on November 11, with a net inflow of $295 million. Analysts state that Ethereum, which had been lagging behind, is beginning to catch up to competitors like Bitcoin and SOL that have outperformed it in this bull market. (Background: A whale with an 86.7% win rate has "positioned ETH" with $5.42 million! Is Ethereum's historical high about to take off?) (Supplementary background: Arthur Hayes increases his Ethereum holdings! Santiment predicts: Bull market profits will return to ETH) According to SoSoValue data, the total net inflow of Ethereum spot ETF on November 11 reached $295 million, setting a record for the largest single-day net inflow, breaking the previous record of $106 million set on the day of Ethereum spot ETF's launch on July 23. The Ethereum spot ETF with the highest single-day net inflow yesterday was Fidelity's FETH, with a net inflow of $115 million; currently, FETH's historical total net inflow is $673 million, followed by BlackRock's ETHA with a net inflow of $101 million and a historical total net inflow of $1.538 billion. Grayscale's Ethereum mini trust ETF ETH made it to the top three with an inflow of $63.32 million, while Bitwise's ETHW saw a net inflow of $15.57 million, with all other Ethereum spot ETFs reporting zero inflow. So far, the total net asset value of Ethereum spot ETF is $9.72 billion, with an ETF net asset ratio (market cap relative to total Ethereum market cap) reaching 2.41%. The historical cumulative net outflow is $41.3 million, mainly affected by Grayscale's Ethereum spot ETF ETHE, which has seen a net outflow of $3.14 billion since its listing. Excluding ETHE's net outflow, the cumulative net inflow is nearly $3.1 billion. Ethereum is expected to rise further. Coingecko data shows that Ethereum, which had been sluggish for a long time, has been surging since the election of Republican presidential candidate Trump, currently priced at $3,365, hitting a new high since July this year, with a 7-day increase of 38.5%. Rachael Lucas, a cryptocurrency analyst at BTC Markets, stated that Ethereum is catching up to competitors like Bitcoin and SOL that have outperformed it in this bull market. For most of this cycle, Ethereum has been lagging behind, but it is now starting to gain momentum. After a relatively slow start, Ethereum spot ETF is gaining momentum. Rachael Lucas believes that Ethereum's staking rewards (which cannot yet be obtained through US spot Ethereum ETF) will become more attractive to traditional investors as they begin to consider Ethereum's bull market prospects; therefore, there is no reason to believe that ETH will not perform well. CK Zheng, founder of ZX Squared Capital, stated that Ethereum may benefit from the incoming Trump administration, which supports cryptocurrency: If the new Trump administration actively promotes blockchain technology and accelerates the digitization of the financial industry, ETH and SOL will perform well in the coming months. Related reports: Bitcoin V breaks through $81,500 to set a new high, Ethereum approaches $3,250 as "bull and bear slaughter" sees over 210,000 liquidations; Bitcoin breaks through $76,800 to set a new high, Ethereum stands above $2,900, Fed cuts rates by 1 basis point; US stocks up more than down; Bitcoin breaks through $76,400 to set a new high! Ethereum stands above $2,800 after Trump's victory; US stocks soar together. "Will ETH take off? The US Ethereum spot ETF recorded a net inflow of $295 million in a single day, setting a new historical high." This article was first published on BlockTempo (the most influential blockchain news media).