Leggi questo articolo in Italiano Italiano

2 min read 01 Dec 2024

Ethereum: Etf record, ETH heading $4,000. Smell of Alt Season

By Daniele Corno

November also a Record for Ethereum: ETF flows at highs, price heads toward $4,000 and doors open for a new Alt Season

Ethereum: Etf record, ETH heading $4,000. Smell of Alt Season

Record highs for Ethereum spot ETF flows

November has come to an end and is confirmed as the best month of 2024. AfterBitcoin ‘s strong rally that drove the entire market, investors’ attention returned to Ethereum.

Here again, spot ETFs played a crucial role. In the month, net positive flows for ETFs in the U.S. slightly exceeded $1 billion in net value. Among all products, BlackRock and Fidelity’s products dominated purchases. ETHA and FETH in fact, maintain positive flows despite continued drains on the Grayscale-owned ETHE product .

On thelast Friday of the month, the expiration date of nearly $1.5 billion in options on ETH, ETFs showed the best day ever for inflow. We’re talking over $332 million, of which about $250 million came in on BlackRock’s product and the remainder on Fidelity’s product.

To date, Ethereum spot ETFs hold more than 3 million ETH, or 2.5 percent of the entire supply, worth more than $11 billion.

Ethereum's recovery and the beginning of the alt season?

Ethereum‘s price is charging the spring. With the break of the $3,700 area, ETH is getting closer to reaching its annual highs in the $4,100 area.

The first migration of capital is taking place and ETH is gaining ground against BTC, after a bear market for the pair of over 3 years. ETH/BTC is showing early signs of strength, with a 10% recovery in the last week.

At the same time, Bitcoin’s dominance is also showing the first signs of reversal. With a -5% on the monthly, much liquidity has poured into altcoins.

The first signs for the famous Alt Season that everyone expects are beginning to show although, the only real answer will be provided by the market.

X

Vuoi essere IL PRIMO a conoscere ciò che muove il mercato?

Resta aggiornato in tempo reale con le notizie importanti, dati e analisi ESCLUSIVE

bitcoin
Bitcoin (BTC) $ 119,921.13
ethereum
Ethereum (ETH) $ 2,997.30
xrp
XRP (XRP) $ 2.89
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 688.36
solana
Solana (SOL) $ 163.05
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.196243
tron
TRON (TRX) $ 0.301181
staked-ether
Lido Staked Ether (STETH) $ 2,999.13
cardano
Cardano (ADA) $ 0.727597
hyperliquid
Hyperliquid (HYPE) $ 46.84
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 119,692.07
stellar
Stellar (XLM) $ 0.441048
sui
Sui (SUI) $ 3.84
wrapped-steth
Wrapped stETH (WSTETH) $ 3,614.58
chainlink
Chainlink (LINK) $ 15.71
hedera-hashgraph
Hedera (HBAR) $ 0.235222
bitcoin-cash
Bitcoin Cash (BCH) $ 501.48
avalanche-2
Avalanche (AVAX) $ 21.15
leo-token
LEO Token (LEO) $ 9.00
wrapped-eeth
Wrapped eETH (WEETH) $ 3,211.24
shiba-inu
Shiba Inu (SHIB) $ 0.000013
the-open-network
Toncoin (TON) $ 3.01
weth
WETH (WETH) $ 2,998.67
litecoin
Litecoin (LTC) $ 94.67
usds
USDS (USDS) $ 1.00
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 45.85
monero
Monero (XMR) $ 342.84
polkadot
Polkadot (DOT) $ 3.93
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 119,963.14
uniswap
Uniswap (UNI) $ 9.07
ethena-usde
Ethena USDe (USDE) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.44
pepe
Pepe (PEPE) $ 0.000012
aave
Aave (AAVE) $ 313.03
bittensor
Bittensor (TAO) $ 406.09
dai
Dai (DAI) $ 1.00
pi-network
Pi Network (PI) $ 0.457792
crypto-com-chain
Cronos (CRO) $ 0.106331
aptos
Aptos (APT) $ 4.94
near
NEAR Protocol (NEAR) $ 2.56
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
okb
OKB (OKB) $ 47.90
internet-computer
Internet Computer (ICP) $ 5.37
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 198.16
ondo-finance
Ondo (ONDO) $ 0.896054
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 18.42