Ethereum ETFs set a new weekly inflow record

Ethereum ETFs continue their successful streak with total inflows in the past trading week reaching 836.8 million USD, breaking the previous record of 533.9 million USD set in mid-November. The trading session on December 5th saw a purchase amount of 428.5 million USD, marking the highest daily inflow since the ETH ETF was approved at the end of July.

Similar to BTC ETFs, the main buying force for ETH ETFs comes from BlackRock's ETHA fund, which had a total value for the week of 538.3 million USD, followed by Fidelity's FETH with 295.8 million USD. The price of Ethereum in the past 24 hours has also reached the milestone of 4,000 USD for the first time in 9 months and is now only 18% away from the ATH peak of 4,878 USD from November 2021.