A positive trend for Ethereum is becoming evident. After five consecutive days of net inflows, Ethereum (ETH) 
$2,317 is showing cumulative net inflows for the first time since the launch of exchange-traded funds (ETFs) in July.
Spot ETH ETF
On Tuesday and Monday, spot ETH ETFs recorded their highest daily net inflows, reaching $135.9 million and $295.5 million, respectively. According to SoSoValue data, these inflows contributed to cumulative net inflows remaining at $94.6 million.
This shift in ETH inflows occurred before ETF provider Bitwise announced the acquisition of Ethereum staking firm Attestant early Wednesday. This step is considered significant for the crypto asset manager as it aims to introduce a new ETH ETF that includes staking rewards. With Trump potentially winning the elections, the SEC might alter its rigid stance on this issue. ETFs with staking rewards could attract much more interest from institutional players.
Currently, nine spot ETH ETFs do not include staking rewards. Staking refers to earning returns in ETH as a reward for securing the Ethereum network.
Grayscale’s Situation
In contrast to the consistent inflows for spot Bitcoin 
$77,710 ETFs since January, spot ether ETFs have consistently experienced more outflows. As of September 23, cumulative net inflows for Grayscale’s ETHE dropped to -$686.7 million due to outflows in USD.
“After the recent elections, we see market gains extending beyond BTC to ETH, sub-L1s, and DeFi. Broader adoption by institutions, coupled with increased integration of traditional financial infrastructures with blockchain, raises expectations for more favorable crypto regulations.”
– Jim Hwang, COO of Firinne Capital
ETH Price Growth
The ETH price increased by 2.4% in the last 24 hours and by 25.2% over the past week, trading at $3,270. This marks the highest level seen in over three months for the second-largest cryptocurrency, with a market cap of approximately $400 billion.
Factors behind the positive shift for ETH include fears of missing out (FOMO) and the election of crypto-friendly administration and legislative bodies following the U.S. elections. This situation has elevated market expectations, increasing interest in Ethereum.
Regulatory Expectations
Hwang noted that the likelihood of regulatory expectations in crypto materializing is now high. In this context, new features like staking rewards in ETH ETFs could boost investor interest and support Ethereum’s institutional adoption.
These positive developments in Ethereum ETFs once again highlight the impact of market fluctuations on investor behaviors. Particularly, the expectations of institutional investors and improvements in regulations can shape Ethereum’s future performance.
