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US-based spot ETFs have continued to receive significant market interest following the emergence of Donald Trump as the next US President. As institutional investors continue to position themselves for a massive cryptocurrency bull run, Ethereum ETFs have now recorded more than $500 million in weekly inflows for the first time since their debut in July. Meanwhile, spot Bitcoin ETFs maintain impressive performance, concluding another week with inflows of over $1 billion.
Spot Ethereum ETFs Achieve $515M Inflows Extends 3-Week Streak
According to data from the ETF Aggregator website SoSoValueEthereum ETFs attracted $515.17 million from November 9 to November 15 to set new record weekly inflows, achieving a 3-week streak of positive inflows for the first time ever. During this period, these funds also recorded their largest daily flows ever, Recording $295.48 million In investments on November 11.
Of the total market gains in the given trading week, $287.06 million was directed to BlackRock’s ETHA, allowing the $1 billion ETF to consolidate its grip on the market with a cumulative net inflow of $1.72 billion.
Meanwhile, Fidelity’s FETH remained a strong market favorite with inflows of $197.75 million, as its net assets rose to $764.68 million. Grayscale’s ETHW and Bitwise’s ETHW also accounted for significant investments of $78.19 million and $45.54 million, respectively.
last ETFs Like ETHV from VanEck, QETH from Invesco, and CETH from 21 Shares, it saw some significant inflows but no more than $3.5 million. It is no surprise that Grayscale’s ETHE fund continues to bleed with $101.02 million in outflows, despite retaining its position as the largest Ethereum ETF with $4.74 billion in assets under management.
Overall, the total net assets of Ethereum ETFs also decreased by 1.2% to $9.15 billion, representing 2.46% of Ethereum’s market capitalization.
Related reading: Spot Bitcoin ETFs Draw Over $2 Billion in Inflows as Ethereum ETFs Turn Green Again – Details
Spot Bitcoin ETFs are still thriving with $1.67 billion in inflows
In other news, the Bitcoin ETF market hit $1.67 billion last week continuing its impressive performance for Q4 2024. While Bitcoin ETFs saw notable outflows of over $770 million at the end of the week, previous weighted inflows proved At $2.43 billion it’s good. Great for maintaining green momentum in the market.
BlackRock’s IBIT, which ranks as a market leader and best-performing cryptocurrency ETF, now boasts more than $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, the Bitcoin ETF’s total net assets have returned to more than $95 billion, capturing 5.27% of the Bitcoin market.
At the time of writing, Bitcoin was priced at $90,175, while Ethereum was around $3,097.
