The anticipation surrounding Ethereum's upcoming Pectra Upgrade is generating optimism among investors, as it promises to address key issues like scaling and transaction speed. This has led to increased interest in Ethereum-focused ETFs, with over $2 billion invested in December alone. Additionally, strong stablecoin inflows into major exchanges such as Binance and Coinbase indicate a readiness among investors to capitalize on potential price movements. Despite the recent bearish market sentiment, these factors are contributing to a positive outlook for Ethereum's price trajectory.
The Volatility Shares Trust 2x Ether ETF (ETHU) experienced a decline, dropping 1.77% to $7.22 as of 1:20 PM on Saturday, January 11.