Ethereum spot ETFs saw their highest daily inflow since July, raising around $333 million. This remarkable growth comes after a significant 40% increase in the price of ether in the past month, indicating strong confidence in the market.
“This extraordinary level of investment demonstrates the growing institutional interest in Ethereum.”
Ethereum ETFs saw record flows post-Thanksgiving, reflecting big price jumps amid rising market confidence, with leading funds leading the way in the space.
On Friday, U.S.-based spot Ethereum ETFs saw a record $333 million in flows, indicating strong institutional demand for Ethereum investments. Much of this increase was driven by BlackRock’s ETHA fund contributing more than $250 million and Fidelity’s FETH fund adding nearly $79 million. The move highlights renewed investor interest following a brief market pause over the Thanksgiving holiday.
The surge in ETF flows comes in line with the 40% increase in the price of ether in the past month. Ether is currently trading just below $3,700 and has gained 1.8% in the past 24 hours. These price movements are attracting the attention of institutional investors and creating opportunities for investors looking for higher returns in rising market conditions.
Driven by new investments, the total asset value of Ethereum-focused funds has now exceeded $11 billion. This success highlights the growing importance of Ethereum-based financial instruments in the crypto world. Grayscale leads with over $5.37 billion in assets with its ETHE fund, followed by BlackRock’s ETHA fund with $2.10 billion and Fidelity’s FETH fund with approximately $952.33 million in assets. This growth marks a significant turning point in the increasingly legitimate acceptance of digital assets as investment vehicles.
In parallel with ETF flows, the Ethereum ecosystem has regained its dominance over USDT, surpassing Tron for the first time since 2022. This shift marks a 62% increase in the supply of USDT hosted on the Ethereum network since the beginning of the year. This rise not only strengthens Ethereum’s market position but also increases its overall utility and versatility as an asset class.
The continuation of these trends suggests that investors’ confidence in Ethereum assets may continue in the coming period. Rising institutional support and impressive price performance provide a positive outlook for Ethereum ETFs. Stakeholders in the crypto market can expect to witness new strategic developments along with the evolution of regulatory frameworks.