US-based Ethereum spot ETFs have continued to attract significant market interest following the emergence of Donald Trump as the next US president. As institutional investors continue to position themselves for a massive crypto bull run, these Ethereum ETFs have now seen over $500 million in weekly inflows for the first time since their trading debut in July. Meanwhile, spot Bitcoin ETFs maintain a splendid performance, closing out another week with over $1 billion in inflows.
Spot Ethereum ETFs Increase Inflows by $515 Million to Extend Streak by 3 Weeks
According to data from ETF aggregator site SoSoValue, Ethereum spot ETFs attracted $515.17 million between November 9 and 15 to set a new record for weekly inflows, as they achieved for the first time times a 3-week sequence of positive entries. During this period, these funds also saw their largest daily inflows on record, recording $295.48 million in investments on November 11.
Of the total market gains during the specified trading week, $287.06 million was directed to BlackRock’s ETHA, allowing the billion-dollar ETF to strengthen its hold on the market with $1.72 billion in cumulative net inflow.
Meanwhile, Fidelity’s FETH remained a market favorite with $197.75 million in inflows, while its net assets climbed to $764.68 million. Grayscale’s ETH and Bitwise’s ETHW also represented significant investments valued at $78.19 million and $45.54 million, respectively.
Other ETFs such as VanEck’s ETHV, Invesco’s QETH and 21 Shares’ CETH saw significant inflows, but not exceeding $3.5 million. Unsurprisingly, Grayscale’s ETHE continues to bleed with $101.02 million in outflows recorded, while retaining its position as the largest Ethereum ETF with $4.74 billion in assets under management.
Overall, the total net assets of Ethereum spot ETFs also decreased by 1.2% to $9.15 billion, or 2.46% of Ethereum’s market cap.
Related Reading: Spot Bitcoin ETFs Generate Over $2 Billion in Inflows as Ethereum ETFs Go Green Again – Details
Spot Bitcoin ETFs Remain Buoyant with Inflows of $1.67 Billion
Separately, the Bitcoin ETF spot market recorded $1.67 billion last week, continuing its stunning performance from Q4 2024. While Bitcoin ETFs saw notable daily outflows of over $770 million by the end of the week, the previous weighted inflows of $2.43 billion proved quite significant. important to maintain the green dynamics of the market.
BlackRock’s IBIT, which ranks as the market leader and best performing spot crypto ETF, now shows over $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, the total net assets of the spot Bitcoin ETF returned above $95 billion, capturing 5.27% of the Bitcoin market.
At the time of writing, Bitcoin is trading at $90,175 and Ethereum is hovering around $3,097.
