Ethereum ETFs Break Records as Price Skyrockets to $3,400!

Record Inflows into Ethereum ETFs: ETH Price Surges to $3,400!

The cryptocurrency market is witnessing unprecedented inflows into Ethereum Exchange-Traded Funds (ETFs), with a remarkable surge of 295 million USD. This influx has been further fueled by the recent election victory of Donald Trump, which seems to have positively impacted investor sentiment towards cryptocurrencies. According to Krypto Guru, these record-breaking daily inflows were led by Fidelity's FETH ETF with 115.5 million USD and BlackRock’s ETHA ETF at 100 million USD.

This trend highlights a significant shift as investors increasingly turn away from traditional financial products in favor of major cryptocurrencies like Ethereum. The price rally saw Ether climbing an impressive 38% over the week, reaching new heights not seen since its previous all-time high.

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Ethereum Casinos Gaining Popularity

In another development within the crypto space, Cointelegraph Deutschland reports that Ethereum casinos are becoming more popular due to their fast transactions and anonymity benefits. These platforms allow users to gamble using ETH while enjoying flexible betting limits and attractive bonuses without requiring personal data verification.

The report emphasizes how such casinos leverage blockchain technology for secure payments and transparency through smart contracts—ensuring fair play across various games including slots and live dealer experiences.

Bitcoin Rally Sets New Records; Ethereum & Solana Follow Suit

A historic Bitcoin rally continues unabated as BTC reaches new hourly highs post Trump's electoral win last week. Block-Builders.de notes that Bitcoin surged past $81,000 before touching nearly $90K per coin—a milestone eagerly anticipated by enthusiasts worldwide.

This bullish momentum spills over onto other leading altcoins like Ethereum—which posted gains exceeding those recorded during its peak period back in November '21—and Solana whose market cap recently hit fresh records driven largely via increased circulation supply amidst growing demand among traders globally seeking alternative investment opportunities beyond just bitcoin alone!

Ethereum Spot ETFs Experience Record Trading Day

BTC-ECHO reveals that Monday marked one of history’s most successful trading days ever witnessed concerning US-based spot exchange-traded funds tied directly toward ether assets themselves! With net flows totaling approximately around 395 million dollars overall—the highest figure achieved thus far according to the latest statistics provided by Farside Analytics, a firm specializing in tracking movements throughout the entire sector landscape today itself.

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Article Summary

Ethereum ETFs have seen record inflows of $295 million, driven by investor optimism following Donald Trump's election victory, leading to a 38% surge in ETH price to $3,400. Additionally, Ethereum casinos are gaining popularity for their fast transactions and anonymity benefits, while Bitcoin's rally has set new records with altcoins like Solana also experiencing significant gains.

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