Ethereum ETFs are riding a wave of post-election momentum, reversing a tide of billions of dollars in outflows that had dampened investor enthusiasm when launched this summer.

Cumulative net inflows for spot Ethereum ETFs flipped positive Tuesday, hitting $94 million, according to SoSo Value data. Representing the total amount of money that nine investment products for Ethereum have taken in so far, the figure had climbed to $238 million on Thursday.

When spot Ethereum ETFs debuted in July, the initial picture was ugly. The Grayscale Ethereum Trust (ETHE) saw $1.7 billion worth of outflows in its first five trading days, bleeding cash as the price of Ethereum dropped as low as $3,400, according to SoSo Value data.

Analysts attributed ETHE’s sizable streak of outflows to the product’s relatively high expense ratio, making it more costly to hold than alternatives. Not long after, the crypto market dipped

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Author: André Beganski