Ether exchange-traded funds (ETFs) have recorded their first positive cumulative flows since their debut in July, achieving this milestone after five consecutive days of inflows. As of November 13, 2024, the cumulative inflows reached approximately $94.62 million, following nearly $136 million in inflows on November 12. Since November 6, total inflows have amounted to around $650 million. This is a notable turnaround considering that after their launch, ether ETFs did not receive the same investor enthusiasm as bitcoin ETFs did earlier in the year. Various factors, including weaker price performance of ether compared to other cryptocurrencies like bitcoin and solana, may have contributed to the initial lukewarm market response. Ether's price has risen about 55% over the past year, while bitcoin and solana saw gains of 141% and 305%, respectively. Despite the slow start, the recent trend of inflows signals a potential shift in investor sentiment towards ether ETFs.

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