Spot Ethereum ETFs See $515 Million Record Weekly Inflows – Details
The U.S. Spot Ethereum ETF continues to receive high attention from the market after Donald Trump became the next President of the United States. As institutional investors continue to brace for a massive cryptocurrency bull run, these Ethereum ETFs have seen weekly inflows exceed $500 million for the first time since they first traded in July. Meanwhile, spot Bitcoin ETFs have maintained their stellar performance, with inflows exceeding $1 billion for a consecutive week.
Spot Ethereum ETF inflows increased by US$515 million, continuing three consecutive weeks of inflows
Data from ETF aggregation websites demand valueBetween November 9 and 15, the spot Ethereum ETF attracted $515.17 million in funds, setting a new weekly inflow record and achieving three consecutive weeks of positive inflows for the first time. During this period, these funds also recorded their largest daily inflows ever, Record $295.48 million Invest on November 11th.
Of total market gains during the given trading week, $287.06 million flowed into BlackRock’s ETHA, allowing the $1 billion ETF to strengthen its market grip with cumulative net inflows of $1.72 billion.
Meanwhile, Fidelity’s FETH remained popular, with inflows reaching $197.75 million and its net assets climbing to $764.68 million. Grayscale’s ETH and Bitwise’s ETHW are also significant investments worth $78.19 million and $45.54 million respectively.
other ETF For example, VanEck’s ETHV, Invesco’s QETH, and 21 Shares’ CETH experienced some significant inflows, but no more than $3.5 million. Not surprisingly, Grayscale’s ETHE continued to hemorrhage, with outflows totaling $101.02 million, although it retained its position as the largest Ethereum ETF with $4.74 billion in AUM.
Overall, the total net assets of spot Ethereum ETFs also fell by 1.2% to $9.15 billion, accounting for 2.46% of Ethereum’s market capitalization.
Related reading: Spot Bitcoin ETF attracts over $2 billion in inflows as Ethereum ETF turns green again – Details
Spot Bitcoin ETF remains strong with $1.67B inflows
In other news, the spot Bitcoin ETF market recorded $1.67 billion over the past week, continuing its impressive performance in the fourth quarter of 2024. While the Bitcoin ETF saw daily outflows of over $770 million over the weekend, it turned out that earlier weighted inflows were $2.43 billion. It is of great significance to maintain the green momentum of the market.
BlackRock’s IBIT is the market leader and top-performing cryptocurrency spot ETF, with current inflows of over $29.28 billion and net assets of $42.89 billion. At the same time, the total net assets of spot Bitcoin ETFs returned to more than 95 billion US dollars, accounting for 5.27% of the Bitcoin market.
As of this writing, Bitcoin is trading at $90,175 and Ethereum is hovering around $3,097.
