The US-based spot Ethereum ETFs (exchange-traded funds) have continued to shine after putting in a strong performance in the past week. After a period of significant outflows in recent weeks, the crypto products have received significant attention from investors in the United States.
As a result, the Ethereum ETFs ended the month of November, its best 30-day period since launch, on a positive note. This recent shift in investor sentiment was also reflected in the price of Ethereum, which has crossed the $3,500 mark for the first time since July 2024.
Ethereum ETFs Overtake Bitcoin’s In A Single Day For The First Time Ever
The latest market data from SoSoValue showsthat the US-based spot Ethereum ETFs saw a total net inflow of $333 million on Friday, November 29. This represents the crypto exchange-traded funds’ best single-day performance since launch, surpassing the former record of $295 million set on November 11.

Breaking down the data; BlackRock’s ETH ETF (with the ticker ETHA) accounted for the majority of the capital inflow, registering an influx of $250 million on Friday. Coming in second place was Fidelity’s Ethereum Fund (with the ticker FETH), witnessing an inflow of nearly $80 million to close the week.
Interestingly, Grayscale’s Ethereum Mini Trust (with the ticker ETH) also posted a daily inflow of $3.39 million on Friday. The other spot Ethereum ETFs in the US didn’t record any capital movement to close the last five-day period.
More notably, this single-day performance represents the fifth straight day of the Ethereum funds recording a net inflow. To kick off the week, the crypto products recorded a measly inflow of $2.83 million on Monday, November 25.

However, the inflows grew stronger as the week went on, with the spot Ethereum ETFs posting $40.6 million and $90.1 million on Tuesday and Wednesday, respectively. Cumulatively, these capital inflows put the weekly performance for the crypto products at $466 million, which just about falls short of the $515 million record.
Interestingly, the single-day inflow record of $332 million is the first time in history that the Ethereum ETFs’ performance would surpass that of their Bitcoin counterparts. According to data from SoSoValue, the spot Bitcoin exchange-traded funds registered a total net inflow of $320 million.
Ethereum Price At A Glance
As of this writing, the price of Ethereum is hovering around the $3,700 level, with a 3% increase in the last 24 hours. The altcoin’s performance is more remarkable on the weekly timeframe. According to data from CoinGecko, the second-largest cryptocurrency is up by almost 8% in the past seven days.
#ETHOnTheRise

Ethereum has always been on an upward trajectory in the field of blockchain and is currently the second largest cryptocurrency by market capitalization. While Bitcoin brought forth the idea of crypto or digital currency, Ethereum raised the bar by adding smart contracts to the mix which provided developers with a platform to cultivate decentralized applications. The buzz surrounding ❏ETHOnTheRise❏ draws attention to the growing power and potential of Ethereum.

What’s Behind ETHOnTheRise?

There are numerous elements that are not just pushing Ethereum’s value upwards but are now poised to make it a stronger player in the crypto ecosystem. Here are the highlights:

1. No More Energy Excess With A Move to Proof of Stake (PoS)

Ethereum’s shift from the energy excessive Proof of Work (PoW) protocol to the Proof of Stake (PoS) protocol with the help of the recently released Ethereum 2.0 has surely been a game-changing step. This update considerably lessens energy expenditure, boosts scalability and also improves network efficiency; thus, a victory for everyone, developers and investors alike.

2. The Emergence of DeFi

The decentralized platforms for almost all financial services are the future and Ethereum is at the center of it all. Well-known projects include Uniswap, Aave and MakerDAO etc. which shows how ETH enables decentralized lending, borrowing and trading. The surge of DeFi supports the thesis of ETH being multi-faceted and the key in the blockchain ecosystem.

3. NFT Revolution
Ethereum’s network powers the Non-Fungible Token (NFT) craze, which has changed how we think about digital ownership and art. Platforms like OpenSea and Rarible leverage Ethereum’s blockchain, driving significant demand for ETH.
4. Layer 2 Solutions
Ethereum has long faced challenges with scalability and transaction costs. Layer 2 solutions, such as Polygon, Optimism, and Arbitrum, are stepping in to solve these issues by increasing transaction speed and lowering costs. These innovations make Ethereum’s ecosystem more efficient and user-friendly.
5. Growing Institutional Interest
Ethereum isn’t just for retail investors. Institutions are increasingly integrating Ethereum-based solutions into their operations. From Fortune 500 companies exploring its capabilities to financial managers including ETH in their portfolios, institutional interest is bolstering Ethereum’s credibility and adoption.
Challenges on the Horizon
Despite its success, Ethereum faces competition from other smart contract platforms like Solana, Cardano, and Binance Smart Chain. Additionally, concerns over high gas fees and occasional network congestion remain obstacles Ethereum must overcome to maintain its edge.
The Road Ahead
The future of Ethereum looks incredibly promising. Upcoming upgrades, such as sharding, are set to further enhance scalability and efficiency. With its active developer community and a pipeline of new features, Ethereum’s potential applications—from Web3 innovations to decentralized governance—seem limitless.
Final Thoughts
ETHOnTheRise represents more than a moment; it’s a movement reflecting Ethereum’s profound impact on the blockchain world and beyond. With its dynamic ecosystem and visionary upgrades, Ethereum is not just riding the wave of blockchain technology—it’s shaping its future. Whether you’re a developer, investor, or enthusiast, Ethereum’s journey is one to watch as it continues to revolutionize decentralized technology.

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