Home » Altcoins » Ethereum ETFs Set New Record with $295M Inflows

Ethereum ETFs Set New Record with $295M Inflows

12.11.2024 13:30 1 min. read Alexander Stefanov
SHARE: SHARES
Ethereum ETFs Set New Record with $295M Inflows

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.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Altcoins News
No Comments yet!

Your Email address will not be published.