Ethereum ETFs Bounce Back with $91.2M Inflows After Decline
Ethereum Spot ETFs experienced a sharp inflow rebound, totaling $91.2 million, after six consecutive days of outflows. BlackRocks Ethereum ETF (ETHA) led the surge, recording a single-day inflow of $99.67 million. This trend highlights growing institutional interest in Ethereum-based investment products.
BlackRock Leads Ethereum ETF Inflows Surge
BlackRocks ETHA ETF significantly contributed to the inflow surge, pushing its total historical net inflow to $1.80 billion. Fidelitys FETH ETF followed, reporting a net inflow of $5.76 million, bringing its total to $704 million. These contributions underscore Ethereums growing role in diversified institutional portfolios.
Meanwhile, Grayscales Ethereum Trust ETFs faced net outflows, reflecting shifting investor preferences. The Grayscale Ethereum Trust ETF recorded a $18.56 million outflow, while its cumulative historical outflow is $3.338 billion. Its Mini Trust ETF also saw outflows of $620,000, contrasting with a historical net inflow of $367 million.
The increased inflows to BlackRock and Fidelity products indicate strong investor confidence in regulated Ethereum investment vehicles. As these ETFs grow, their performance demonstrates the rising appeal of blockchain-based assets for mainstream adoption.
Institutional Demand Boosts Ethereum ETF Adoption
November 22 marked a turning point for Ethereum ETFs, with renewed inflows signaling a shift in market sentiment. The total net asset value of Ethereum Spot ETFs now stands at $9.687 billion. These assets represent 2.44% of Ethereums overall market value, underscoring their growing market significance.
Cumulative net inflows for Ethereum-based ETFs reached $107 million, reflecting robust investor demand. Institutional support for Ethereum products has steadily increased, reinforcing their position as a preferred digital asset. This momentum further aligns with the broader markets confidence in blockchain technology.
The latest data confirms Ethereums mainstream adoption as it gains traction among investors seeking secure, regulated exposure. As interest grows, these ETFs will likely continue to shape the future of Ethereum investment.
Bitcoin Outpaces Ethereum in Spot ETF Performance
Bitcoin Spot ETFs continued their strong performance, recording $490 million in inflows on November 22 alone. Total assets for Bitcoin Spot ETFs reached $107.488 billion, representing 6% of Bitcoins market capitalization. BlackRocks IBIT ETF led the trend with a $513 million single-day inflow.
Bitcoins price surged 167% over the past year, now trading at $98,598, bolstered by the launch of these ETFs. The inflows highlight Bitcoins dominance as a primary choice for institutional investors compared to other crypto assets.
Read more: https://www.tronweekly.com/ethereum-etf-bounce-back-with-91-2m-inflows/
Text source: TronWeekly
