Kaiko: ETH rise coincides with resurgent interest in ETH ETF
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2024-12-11 17:03 2,584
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Golden Finance reported that according to data from Kaiko Research, the price of Ethereum (ETH) recently hit an annual high of $4,000. Despite briefly outperforming Bitcoin (BTC) following the U.S. election, ETH has yet to test 2021’s all-time highs around $5,000. However, ETH prices stabilized at around $4,000 over the weekend, indicating that it may be on track to test a new price range.
The rise in ETH prices coincides with a resurgence in interest in ETH ETFs, which saw record inflows last week. Institutional investors have shown a significant increase in interest in ETH and are looking forward to potential gains in 2025. In addition, a change in the leadership of the U.S. Securities and Exchange Commission (SEC) may further drive market demand, and ETH may become an important beneficiary of this change.