Spot Ether exchange-traded funds (ETFs) in the US hit a new record for daily inflows on November 29. Nine spot Ether ETFs saw $332.9 million flow into them, according to Farside data.
- BlackRock accounted for $250.4 million of the total daily inflows.
- BlackRock’s iShares Ethereum Trust (ETHA) has seen over $2 billion in inflows since July 23.
- Ether is trading at $3,662, up 1.88% since November 28.
Ether ETFs have outpaced Bitcoin ETFs, surpassing Bitcoin ETFs, which saw $320 million in inflows on November 29. This suggests Wall Street’s growing interest in “alt rotation.” Ether ETFs have seen positive inflows even on days when Bitcoin ETFs have experienced outflows.