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Ethereum Price Hits $4,000 for First Time Since March as ETF Demand Surges

The second-largest crypto asset charged hands above $4,000 Thursday as Ethereum ETF products showed substantial inflows.

The price of Ethereum (ETH) jumped above $4,000 on Friday, a mark not recorded since it briefly reached that threshold in March. 

The move upward comes on the back of growing Ethereum ETF demand, with the funds collectively recording their largest-ever daily net inflow of more than $428 million on December 5, according to data from CoinGlass. 

Major Ethereum ETF inflows come amid growing excitement from analysts. Plume CEO Chris Yin told Decrypt in November that the expectation of more favorable crypto regulation under President-elect Donald Trump is leading to “overdue excitement” for the funds, which began trading in the U.S. in July.

Ethereum Price Hits $4,000 for First Time Since March as ETF Demand Surges

The second-largest crypto asset charged hands above $4,000 Thursday as Ethereum ETF products showed substantial inflows.

The price of Ethereum (ETH) jumped above $4,000 on Friday, a mark not recorded since it briefly reached that threshold in March. 

The move upward comes on the back of growing Ethereum ETF demand, with the funds collectively recording their largest-ever daily net inflow of more than $428 million on December 5, according to data from CoinGlass. 

Major Ethereum ETF inflows come amid growing excitement from analysts. Plume CEO Chris Yin told Decrypt in November that the expectation of more favorable crypto regulation under President-elect Donald Trump is leading to “overdue excitement” for the funds, which began trading in the U.S. in July.
https://decrypt.co/295348/ethereum-price-hits-4000-etf-demand-surges