U.S. spot Ethereum ETFs experienced an unprecedented influx on Monday, drawing $295.5 million—more than double the previous record.
Fidelity’s Ethereum ETF led with $115.5 million, followed closely by BlackRock’s ETHA at $101.1 million, while Grayscale and Bitwise products saw smaller but notable inflows.
This surge in investment comes in the wake of the recent U.S. presidential election, with spot ETH ETFs collectively attracting $513 million in just four trading days. Daily trading volume also hit a new high of $912.9 million, suggesting increasing optimism about regulatory shifts.
Analyst Rachael Lucas of BTCMarkets noted that the DeFi token rally, including gains in Aave and Uniswap, may signal broader confidence in Ethereum, potentially fueling further ETF interest.
Ethereum ETFs now manage a combined $9.7 billion, equating to 2.4% of Ethereum’s market cap, while ETH’s price has risen 7.3% to $3,367.
Spot Bitcoin ETFs also saw robust inflows, adding $1.1 billion on Monday, with BlackRock’s IBIT accounting for the majority. Cumulative inflows for Bitcoin ETFs now stand at $26.9 billion.
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