The tide is popping for Ethereum. After five consecutive days of inflows, ether (ETH) replace-traded funds are showing certain cumulative netflows for the first time since their start in July.

Tuesday and Monday seen the 2 best day-to-day netflows for put ETH ETFs at $135.9 million and $295.5 million, serving to cumulative netflows stand at $94.6 million at presstime, files from SoSoValue presentations.

The transferring tide of ETH inflows came sooner than ETF supplier Bitwise pronouncing early Wednesday that it had obtained Ethereum staking firm Attestant, a step toward the crypto asset manager potentially debuting a brand unique ETH ETF with staking rewards.

The 9 put ETH ETFs currently make not consist of rewards from staking, which refers to the act of securing the Ethereum blockchain in replace for yield denominated in ETH.

Read More: BlackRock and Securitize’s $522 Million BUIDL Fund Goes Multi-Chain

Unlike the put bitcoin ETFs which seen persevered astronomical inflows since their inception in January, put ether ETFs have been continuously seeing more outflows. At one point, cumulative netflows dropped as low as -$686.7 million on Sept. 23 due to the U.S. bucks flowing out of Grayscale’s ETHE.

While Grayscale’s ETHE leads the opposite eight put ETH ETFs by procure assets with $5.1 billion, the digital asset administration firm has had one of the best quantity of unfavorable netflows at nearly -$3.2 billion.

BlackRock’s ETHA and Constancy’s FETH have cumulative netflows of roughly $1.7 billion and $672.8 billion, respectively, making them the 2 ETFs with the ideal inflows.

The worth of ETH has increased 2.4% in the final 24 hours and 25.2% in the previous seven days to commerce at $3,315, a more than three-month high for the 2d-greatest cryptocurrency by market cap at nearly $400 billion.

Read More: Increased Order of Ethereum Blobs Elements to Growing Request for L2 Transactions

As to why the tide is transferring positively for Ethereum, COO of funding firm Firinne Capital Jim Hwang parts to FOMO, a colloquialism for “fright of lacking out,” stemming from the U.S. elections and U.S. voters electing a crypto-pleasant govt and legislative department.

“Put up-election, you witness the broadening out of market beneficial properties beyond BTC into ETH, alt-L1s and DeFi,” Hwang messaged Unchained.  “Expectations are working high that we are in a position to witness a warmer ambiance in the invent of broader adoption by establishments as portion of their treasuries and pensions, a step up in integration of mature financial rails with public blockchains, and some distance friendlier crypto-regulations with improved readability.”

“These expectations on regulations don’t seem like any longer a pipe dream.”