The post Ethereum outpaces Bitcoin in daily net flows for spot ETFs appeared on BitcoinEthereumNews.com.

Ethereum spot ETFs mark a historic milestone with a $332.92 million daily inflow, surpassing Bitcoin ETFs amid the ETH price surge. The latest data from SoSoValue reveals that Ethereum (ETH) spot ETFs have recorded $332.92 million in daily net inflows as of Nov. 29, outpacing Bitcoin (BTC) spot ETFs’ $320.01 million for the first time since inception. This development coincides with Ethereum’s price surge of over 3% in the last 24 hours, while Bitcoin showed minimal movement during the same period. US ETH Spot ETF inflow data from SoSoValue Ethereum ETF performance breakdown The first spot Ethereum ETFs in the U.S. began trading on July 23. These ETFs, approved by the U.S. Securities and Exchange Commission, include products from well-known financial institutions like BlackRock, Fidelity and Grayscale, among others. They provide investors exposure to Ethereum’s price without needing to directly hold the cryptocurrency. Here’s a look at how those ETFs are performing today: BlackRock’s iShares Ethereum Trust ETF, trading on NASDAQ, emerged as the top performer. It boasts $250.39 million in daily net inflow. The fund’s cumulative net inflow stands at $2.1 billion, with net assets of $2.5 billion. Grayscale Ethereum Mini Trust, listed on NYSE, recorded $3.39 million in daily inflows, contributing to its substantial cumulative net inflow of $420.15 million. The fund currently maintains a 0.35% ETH share with a market price of $33.84. Fidelity Ethereum Fund, on the Cboe Exchange, secured $79.44 million in daily inflows, pushing its cumulative total to $824.23 million. The fund trades at $35.88 with a 0.22% ETH share. Bitcoin ETFs maintain strong presence Despite being overtaken in daily flows, Bitcoin spot ETFs demonstrate strong performance. BlackRock’s iShares Bitcoin Trust ETF recorded $137.49 million in daily net inflow. IBIT’s cumulative net inflow has reached $31.74 billion, commanding a 2.51% BTC share. Fidelity Wise…

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Filed under: News - @ November 30, 2024 12:29 pm