Leveraged Ether ETF demand grows 160% after $90M inflow

Investor interest in leveraged Ether (CRYPTO:ETH) exchange-traded funds (ETFs) has surged, with the VolatilityShares 2x Leveraged Long ETH ETF seeing a 160% increase in demand since November 5, according to Vetle Lunde, head of research at K33 Research.

This uptick coincides with the $90 million net inflows into Ether ETFs over four consecutive days, as reported by Farside Investors.

In a November 28 post, Lunde highlighted that VolatilityShares now accounts for over 50% of ETH open interest on CME.

The rising interest aligns with a broader shift toward risk assets following President-elect Donald Trump’s victory, which has fueled optimism in the cryptocurrency market.

Ether’s price has climbed steadily, reaching $3,600.

Analysts suggest that sustained spot buying pressure and stablecoin inflows could propel ETH past the psychological $4,000 mark in the coming weeks.

“The implied volatility of 1-day options has remained stable, indicating that the recent breakout above $3,600 was driven by spot accumulation rather than speculative activity,” noted Ryan Lee, chief analyst at Bitget Research.

Technical chart patterns further support bullish predictions for Ether.

Trader Wolf shared a three-year cup-and-handle pattern, suggesting resistance at $4,000, with a potential measured move targeting $15,000.

Additionally, Rekt Capital speculated that Bitcoin trading between $91,000 and $100,000 could direct market focus and investment toward Ether and smaller altcoins.

The recent record stablecoin inflows to exchanges are another critical factor.

“Sustained net inflows of stablecoins are providing liquidity to the crypto market […] suggesting that the market’s momentum will persist,” added Lee.

At the time of reporting, the Ethereum price was $3,586.26.