Ethereum ETFs See $91.2M Inflows Following Decline
Ethereum ETFs have made a strong comeback, with a total of $91.2 million in inflows after a recent decline. Leading the surge is BlackRock’s Ethereum ETF (ETHA), which saw a significant single-day inflow of $99.67 million. This uptick in investment highlights the increasing interest from institutional investors in Ethereum-based products.
BlackRock’s ETHA ETF has been a major player in this surge, bringing its total historical net inflow to $1.80 billion. Following closely behind is Fidelity’s FETH ETF, with a net inflow of $5.76 million and a total of $704 million. These numbers emphasize Ethereum’s growing importance in institutional investment portfolios.
On the flip side, Grayscale’s Ethereum Trust ETFs saw net outflows, indicating a shift in investor preferences. The Grayscale Ethereum Trust ETF experienced an outflow of $18.56 million, with a cumulative historical outflow of $3.338 billion. Similarly, its Mini Trust ETF saw outflows of $620,000, contrasting with a historical net inflow of $367 million.
The increased inflows into BlackRock and Fidelity products showcase investor confidence in regulated Ethereum investment options. As these ETFs continue to grow, they demonstrate the rising popularity of blockchain assets for mainstream adoption.
Institutional demand has been a driving force behind the adoption of Ethereum ETFs, with renewed inflows on November 22 signaling a shift in market sentiment. The total net asset value of Ethereum Spot ETFs now stands at $9.687 billion, representing 2.44% of Ethereum’s overall market value.
Cumulative net inflows for Ethereum-based ETFs have reached $107 million, reflecting strong investor demand. The support from institutional investors further solidifies Ethereum’s position as a preferred digital asset. As interest in Ethereum continues to rise, these ETFs are likely to shape the future of Ethereum investment.
Meanwhile, in the world of Bitcoin, Spot ETFs have continued to perform strongly, with $490 million in inflows on November 22. Total assets for Bitcoin Spot ETFs have reached $107.488 billion, representing 6% of Bitcoin’s market capitalization. BlackRock’s IBIT ETF led this trend with a $513 million single-day inflow.
Bitcoin’s price has surged 167% over the past year, now trading at $98,598, largely due to the launch of these ETFs. The inflows highlight Bitcoin’s dominance as a top choice for institutional investors compared to other cryptocurrencies.
