US Ethereum spot ETFs continue to enjoy powerful market interest following the emergence of Donald Trump as the next US president. As institutional investors continue to brace for a massive cryptocurrency bull run, these Ethereum ETFs have now recorded over $500 million in weekly inflows for the first time since their July IPO. Meanwhile, spot Bitcoin ETFs continue their stellar performance, closing another week with over $1 billion in inflows.
Ethereum spot ETFs record $515 million inflows to extend 3-week winning streak
According to data from the ETF aggregator website SoSoValuespot Ethereum ETFs attracted $515.17 million in the November 9-15 period, setting a fresh record for weekly inflows as they achieved a 3-week streak of positive inflows for the first time ever. During this period, these funds also saw their highest-ever daily inflows, recording investments of $295.48 million on November 11.
Of the total market gains for the specific trading week, $287.06 million went to BlackRock’s ETHA fund, allowing the billion-dollar ETF to strengthen its market position with cumulative net inflows of $1.72 billion.
Meanwhile, Fidelity’s FETH remained the clear market favorite with inflows of $197.75 million, while its net assets rose to $764.68 million. ETH Grayscale and ETHW Bitwise also accounted for major investments worth $78.19 million and $45.54 million, respectively.
Other ETFs such as ETHV VanEck, QETH Invesco and CETH 21 Shares saw significant inflows, but no more than USD 3.5 million. Unsurprisingly, Grayscale’s ETHE fund continues to bleed, recording outflows of $101.02 million, although it maintains its position as the largest Ethereum ETF with $4.74 billion in AUM.
Overall, total net assets of Ethereum spot ETFs also fell 1.2% to $9.15 billion, representing 2.46% of Ethereum’s market capitalization.
Related Reading: Spot Bitcoin ETFs Attract Over $2 Billion in Inflows as Ethereum ETFs Go Green Again – Details
Spot bitcoin ETFs remain buoyant with $1.67 billion in inflows
In other news, the Bitcoin spot ETF market recorded $1.67 billion last week, continuing its stunning performance from the fourth quarter of 2024. While Bitcoin ETFs saw significant daily outflows of over $770 million, the prior weighted inflows of $2.43 billion have proven to be quite significant in maintaining the market’s green momentum.
BlackRock’s IBIT, the market leader and best-performing cryptocurrency spot ETF, currently boasts over $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, the total net assets of the spot Bitcoin ETF have returned to over $95 billion, capturing 5.27% of the Bitcoin market.
At the time of writing, Bitcoin was trading at $90,175 and Ethereum was trading at around $3,097.
