Ethereum fund flows reach their highest levels in six weeks.

Ethereum exchange-traded funds (ETFs) experienced a daily net inflow of $52.29 million, marking the highest level in six weeks, reflecting increased investor confidence in the cryptocurrency markets, especially following former U.S. President Donald Trump's victory in the presidential elections.

According to data, although BlackRock's iShares Ethereum Trust recorded a net inflow of zero, the majority of the inflows came from the Fidelity Ethereum Fund, which attracted inflows of $26.9 million. Meanwhile, the Grayscale Ethereum Mini Trust received inflows of $25.4 million, while the other Ethereum funds did not experience significant inflows.

In terms of cryptocurrency trading, Ethereum recorded a rise of 7.74% over the past 24 hours, bringing its price to $2,826, reinforcing its position as the second-largest cryptocurrency by market capitalization, according to data from CoinMarketCap.

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