Ethereum Breaks Through $4,000 Amid Growing Demand For ETH ETF

The post Ethereum Breaks Through $4,000 Amid Growing Demand For ETH ETF appeared first on Coinpedia Fintech News

In a latest development, the price of Ethereum broke above the $4,000 mark on Friday for the first time since March. It is up 2.4% in the last 24 hours and 8.4% in the last seven days, outperforming bitcoin (BTC) in both timeframes. The latest feat comes amid growing Ethereum ETF demand, with the funds collectively recording their largest-ever daily net inflow of more than $428 million on December 5. Both Ethereum and Bitcoin ETFs have recorded record-breaking inflows since Trump’s win. However, Ethereum remains 17% off its all-time high of $4,878, recorded in November 2021.