U.S. spot Ethereum ETFs just hit a new milestone with $295.5 million in daily inflows on November 11.
That’s more than double the previous record of $106 million set on their launch day. Finally!
Moderate start, but they’re getting stronger?
Leading the charge was Fidelity’s ether ETF, which pulled in $115.5 million.
Not far behind, BlackRock’s ETHA grabbed $101.1 million, while Grayscale’s Mini Ethereum Trust added $63.3 million and Bitwise’s ETHW saw $15.6 million flow in.
In just four trading days following Donald Trump’s presidential win, these spot ether ETFs have raked in about $513 million in net inflows.
Monday also brought a surge in trading volume for these ETFs, reaching a record total of $912.9 million—way up from last Friday’s volume of $469.1 million and far exceeding the usual range of $100 million to $200 million.
Rachael Lucas, a crypto analyst at BTCMarkets, explained that the excitement stems from expectations of a more relaxed regulatory environment, which has eased investor concerns.
“If this positive sentiment continues, we could see sustained or even increased inflows into Ethereum ETFs as institutional investors position themselves ahead of potential regulatory changes.”
Crypto rally
Lucas also pointed out that the rally in DeFi tokens like Aave, Uniswap, and Lido reflects growing confidence in the Ethereum ecosystem.
“If DeFi tokens keep climbing, it could spark even more interest and inflows into Ethereum ETFs as a way to tap into the broader DeFi market.”
Currently, the nine ether ETFs hold a total of $9.7 billion in net assets, making up about 2.4% of Ethereum’s entire market cap.
On the other hand, Bitcoin ETFs are also riding high with daily net inflows of $1.1 billion on the same day, marking the second time they’ve crossed that billion-dollar threshold this month!
BlackRock’s IBIT led the pack with $756.5 million in inflows, followed by Fidelity’s FBTC with $135 million and Ark and 21Shares’ ARKB with $108.6 million.
Number go up technology?
The trading volume for these 12 Bitcoin ETFs hit $7.3 billion yesterday, the highest since March 14, bringing their total net inflows to $26.9 billion.
As for prices, ETH jumped 7.3% in the last 24 hours to trade at around $3,367, while Bitcoin jumped by 10%, reaching approximately $89,455 at the time of writing. It’s pretty clear that investors are feeling optimistic.
