Ethereum ETFs Faced Record Inflows as Donald Trump’s Appointment of AI and Crypto “Tsar” was Viewed as Very Favorable to Hodlers

Over the past two weeks, Ether (ETH) exchange-traded funds have faced extraordinary investor interest, with inflows of more than $1.3 billion as ETH approaches the $4,000 mark.

Yesterday, on Dec. 5, ETH ETFs recorded their largest daily inflow in history and reached $431.5 million, marking the ninth consecutive day of positive flows, even though Bitcoin (BTCUSDT), after reaching its ATH, rolled back to under $100K.

According to Farside and Tree News, the Ether ETF posted its largest daily inflow since launching on July 23, 2023, surpassing the previous record of $333 million set on Nov. 29. Funds have been in daily surplus since Nov. 21, gaining more than $1.3 billion over the past 14 days.

This is very good and important news for those looking for stability in crypto markets and their more smooth unidirectional performance. By just looking at the two largest coins, BTC and ETH, one can reliably judge the whole market.

Importantly, U.S. President-elect Donald Trump announced that he appointed former COO of the PayPal payment system David Sachs as his “tsar” for artificial intelligence and cryptocurrencies. The “Tsar” on cryptocurrencies and other officials of the future Trump administration, including the heads of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), together with the newly established Cryptocurrency Advisory Council, will review the country's policy on cryptocurrencies and other digital assets, including liberalization of their legal framework.