According to data compiled by Bloomberg, Bitcoin ETFs and Ethereum ETFs set single-month net inflow records of $6.5 billion and $1.1 billion respectively in November. Last Friday, the daily subscription volume for Ethereum ETFs also reached a historic high. Data from CoinGecko shows that since Trump's victory, the market capitalization of cryptocurrencies has surged by approximately $1.2 trillion. This rally is diluting the painful memories of fraud and high-risk behaviors that were exposed during the cryptocurrency boom of 2021.

Ethereum is the second-largest token after Bitcoin, and the interest in it indicates that the speculative desire for cryptocurrencies is expanding following Trump's victory in the U.S. election on November 5. By certain metrics, at least among retail investors, the enthusiasm for digital assets has not yet reached the frenzied levels seen during the COVID-19 pandemic bubble.