Investors are betting on Ether to surpass its 2021 milestone, drawing attention away from Bitcoin’s record-breaking rally over $100,000. Bloomberg data shows US-listed Ethereum ETFs saw a record $428 million daily inflow on Thursday, with Ether outperforming Bitcoin, rising 61%. This surge follows Donald Trump’s November 5 victory, which fueled hopes for looser crypto regulations. Ether futures open interest has also hit record levels on the CME Group, outpacing Bitcoin.
Trump’s SEC pick, Paul Atkins, known for his crypto advocacy, has further boosted investor confidence, spurring record ETF inflows. Additionally, the growing interest in Ether ETFs reflects optimism that staking rewards for the token could soon improve, as Atkins’ appointment signals potential regulatory changes favourable to Ether. This shift in sentiment highlights Ether’s strong potential to continue attracting investment in the face of Bitcoin’s dominance.
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