Spot Ethereum ETFs Achieve Record $515 Million in Weekly Inflows
The US-based spot Ethereum ETFs have seen increased market interest following Donald Trump's presidential bid. Institutional investors are preparing for a significant crypto bull run, leading to over $500 million in weekly inflows for these ETFs since their trading debut in July. Spot Bitcoin ETFs also performed well, with over $1 billion in inflows last week.
Spot Ethereum ETFs Register $515M Inflows
Data from ETF aggregator site SoSoValue indicates that between November 9 and November 15, spot Ethereum ETFs attracted $515.17 million, achieving a three-week positive inflow streak. The largest daily inflows were recorded on November 11, totaling $295.48 million.
BlackRock’s ETHA received $287.06 million, raising its cumulative net inflow to $1.72 billion. Fidelity’s FETH garnered $197.75 million, increasing its net assets to $764.68 million. Grayscale’s ETH and Bitwise’s ETHW attracted investments of $78.19 million and $45.54 million, respectively. Other ETFs like VanEck’s ETHV, Invesco’s QETH, and 21 Shares’ CETH had inflows below $3.5 million. Grayscale’s ETHE experienced outflows of $101.02 million but remains the largest Ethereum ETF with $4.74 billion in AUM.
Total net assets for spot Ethereum ETFs decreased by 1.2% to $9.15 billion, representing 2.46% of the Ethereum market cap.
Spot Bitcoin ETFs Report $1.67B Inflows
Spot Bitcoin ETFs recorded $1.67 billion in the past week, continuing strong performance in Q4 2024. Despite notable daily outflows exceeding $770 million at the week's end, earlier inflows of $2.43 billion helped maintain positive market momentum.
BlackRock’s IBIT, the leading crypto spot ETF, now has over $29.28 billion in inflows and $42.89 billion in net assets. Total net assets for spot Bitcoin ETFs surpassed $95 billion, capturing 5.27% of the Bitcoin market.
As of now, Bitcoin trades at $90,175 and Ethereum at $3,097.
