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Donald Trump has already proposed replacing Gensler as SEC chair with former commissioner Paul Atkins and Damian Williams with Jay Clayton as US Attorney for the Southern District of New York.

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In November and December, Ether ETFs saw eight straight weeks of net inflows, including a record-breaking $2.2 billion in the week of Nov. 26, according to data from CoinShares.

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@olivia77smith8

Analysts say this could reverse in 2025, especially if ETH’s price performance enhances ETF returns and regulators allow the funds to generate yields from staking.

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isabella22love99

@isabella22love99

BlackRock’s iShares Ethereum Trust (ETHA) led among peers, onboarding upward of $3.5 billion in 2024 net inflows, Farside said. Fidelity Ethereum Fund (FETH) notched second place with $1.5 billion in net inflows.

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This was partly offset by upward of $3.6 billion in net outflows from Grayscale Ethereum Trust (ETHE), which the asset manager launched in 2017, initially as a non-listed trust.

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Grayscale’s ETHE charges management fees of 1.5%. In July, the asset manager listed Grayscale Ethereum Mini Trust as a cheaper alternative.

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@charlotte9586w

Bitcoin ETFs displayed a similar dynamic, with BlackRock’s iShares Bitcoin Trust (IBIT) clocking approximately $37 billion in 2024 net inflows against more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC).

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@taylorrose0047

Since November, ETH has outperformed BTC in crypto spot and derivatives markets, according to a December report by Bybit, a crypto exchange. Meanwhile, BTC ETFs saw the biggest net outflows ever on Dec. 19.

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Sustained growth in network activity, including from the proliferation of artificial intelligence agents, could further propel Ether’s performance, which has lagged behind rival layer-1 network Solana in 2024, Matt Hougan, Bitwise’s head of research, told Cointelegraph.

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Ethereum and Base, an Ethereum layer-2 scaling network, are “where many AI agents are currently operating,” Hougan told Cointelegraph in a Dec. 19 interview.

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Ethereum and Base, an Ethereum layer-2 scaling network, are “where many AI agents are currently operating,” Hougan told Cointelegraph in a Dec. 19 interview.

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Dennis Porter, co-founder of the nonprofit organization Satoshi Act Fund, which supports pro-Bitcoin US policy bills, also believes Trump is exploring enabling a strategic Bitcoin reserve through an executive order.

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This price action drew considerable backlash from investors on social media, who characterized the launch as a classic pump-and-dump scheme after the price of the memecoin collapsed.

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@alfredandme009

Haliey Welch, the social media influencer who the memecoin was based on, denied allegations of insider trading by her or her team.

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The YouTuber argued that the launch of the memecoin was not a rug pull and that her team pre-sold millions of tokens to “strategic advisers,” who offloaded the memecoin early.

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@isabella819jones

Coffeezilla added that the claims of a $500 million rug pull or Welch profiting $50 million from the token launch were also misinformation and overblown allegations.

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Since Wyoming Senator Cynthia Lummis introduced the Bitcoin Reserve Act earlier this year, states like Texas and Pennsylvania have filed similar proposals. Russia, Thailand and Germany are reportedly considering proposals of their own, further ramping up pressure.

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@ellaevans51771

If governments are competing to secure their own stockpiles of Bitcoin, would we say goodbye to the four-year boom-bust cycle in crypto prices that many attribute to Bitcoin’s halving?

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@taylorrose0047

Jack Mallers, founder and CEO of Strike, believes Trump has the “potential to use a day-one executive order to purchase Bitcoin” although he cautioned that it would not equate to a 1 million Bitcoin purchase.

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So far, Trump’s team has not directly confirmed the claims about an executive order, but Trump was asked on CNBC if the US would create a BTC Reserve similar to its oil reserve (which could mean legislation) and he answered, “Yes, I think so.”

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