Ethereum ETFs register records. ATH in sight?

Sentiment around crypto number two is showing a clear upward trend. This is reflected in record inflows into Ethereum ETFs. Will ETH reach its all-time high soon?

During the week of December 9 through 13, a total of nearly $855 million flowed into spot ETH ETFs in the US. This marks a new record for ETH products, as shown from data from SoSoValue. In total, Ethereum ETFs now manage assets of $13.78 billion (Assets Under Management, AUM). Especially when compared to the leading crypto, Bitcoin, the inflows are remarkable. By comparison, BTC ETFs received slightly more than double (US$2.1 billion) over the same period.

However, if you look at market capitalization, Bitcoin is about five times the size of Ethereum. So for crypto number two, the turnaround in investor sentiment seems to be continuing. As one recent report from CoinShares shows, listed ETH products worldwide recorded inflows worth one billion US dollars for the seventh consecutive week.

The crypto asset manager speaks of a "clear change in sentiment." Still, the ETH price has so far failed to rise above $4,000. At the time of writing, ETH stands at $3,947. The all-time high is about 20 percent further and stands at about $4,900 per Ether.