According to Cointelegraph: U.S. spot Ether ETFs registered their highest daily inflow on November 11, amassing $294.9 million as Ethereum’s (ETH) price surged to a 14-week high of $3,384. The influx of funds into Ether ETFs follows the broader crypto market rally triggered by Donald Trump’s presidential election win, which many see as a positive for the industry.
Fidelity Leads Ether ETF Inflows
Fidelity’s Ethereum Fund (FETH) led with a record $115.5 million in inflows, while BlackRock’s iShares Ethereum Trust ETF (ETHA) followed closely with $100.5 million. Grayscale’s Ethereum Mini Trust (ETH) added $63.3 million, and Bitwise’s Ethereum ETF (ETHW) contributed $15.6 million. Together, these inflows set a new record, far surpassing the previous high of $106.6 million on launch day in July.
Ethereum Catches Up in Bull Market Momentum
Although Ethereum has trailed behind top-performing assets like Bitcoin and Solana this cycle, BTC Markets crypto analyst Rachael Lucas observed that “Ethereum is starting to catch a bid.” Lucas noted that while U.S. spot Ether ETFs don’t offer staking returns, traditional investors are increasingly drawn to Ethereum’s potential in the current bullish environment.
Positive Outlook for Ether with Potential Pro-Crypto Policies
The newly elected Trump administration is expected to promote blockchain and accelerate digital financial technologies, which could further benefit Ethereum, said ZX Squared Capital founder CK Zheng. He anticipates that both Ethereum and Solana could see continued strong performance if pro-crypto policies are enacted.
Since their launch in July, U.S. spot Ether ETFs have collectively attracted nearly $3.1 billion in inflows, excluding outflows from Grayscale’s Ethereum Trust (ETHE), which saw substantial redemptions. BlackRock’s ETHA leads in cumulative inflows with over $1.5 billion since inception.
