The post Spot Ethereum ETFs Surpass Single-Day Record With $333 Million Inflow — Details appeared on BitcoinEthereumNews.com.

The US-based spot Ethereum ETFs (exchange-traded funds) have continued to shine after putting in a strong performance in the past week. After a period of significant outflows in recent weeks, the crypto products have received significant attention from investors in the United States. As a result, the Ethereum ETFs ended the month of November, its best 30-day period since launch, on a positive note. This recent shift in investor sentiment was also reflected in the price of Ethereum, which has crossed the $3,500 mark for the first time since July 2024. Ethereum ETFs Overtake Bitcoin’s In A Single Day For The First Time Ever The latest market data from SoSoValue shows that the US-based spot Ethereum ETFs saw a total net inflow of $333 million on Friday, November 29. This represents the crypto exchange-traded funds’ best single-day performance since launch, surpassing the former record of $295 million set on November 11. Breaking down the data; BlackRock’s ETH ETF (with the ticker ETHA) accounted for the majority of the capital inflow, registering an influx of $250 million on Friday. Coming in second place was Fidelity’s Ethereum Fund (with the ticker FETH), witnessing an inflow of nearly $80 million to close the week. Interestingly, Grayscale’s Ethereum Mini Trust (with the ticker ETH) also posted a daily inflow of $3.39 million on Friday. The other spot Ethereum ETFs in the US didn’t record any capital movement to close the last five-day period. More notably, this single-day performance represents the fifth straight day of the Ethereum funds recording a net inflow. To kick off the week, the crypto products recorded a measly inflow of $2.83 million on Monday, November 25. Source: SoSoValue However, the inflows grew stronger as the week went on, with the spot Ethereum ETFs posting $40.6 million and $90.1 million on…

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Filed under: News - @ December 1, 2024 12:16 pm