Ethereum spot ETF inflows surged to $91.2 million on November 22, marking a significant turnaround after six consecutive days of outflows. BlackRock’s Ethereum ETF (ETHA) played a pivotal role in this recovery, recording a substantial single-day inflow of $99.67 million. This development highlights Ethereum’s growing appeal among institutional investors.
BlackRock and fidelity lead inflows, while grayscale sees outflows
BlackRock’s ETHA ETF has reached a historical net inflow of $1.80 billion, solidifying its position as a preferred choice for institutional investors seeking exposure to Ethereum. Fidelity’s Ethereum ETF (FETH) also posted a net inflow of $5.76 million, bringing its total historical net inflow to $704 million.
In contrast, Grayscale’s Ethereum products experienced significant outflows. The Grayscale Ethereum Trust ETF (ETHE) reported a net outflow of $18.56 million on November 22, with its cumulative historical outflow at $3.338 billion. Similarly, the Grayscale Ethereum Mini Trust ETF saw an outflow of $620,000, though its total historical inflow remains at $367 million.
Renewed institutional confidence in Ethereum ETFs
The recent inflow into Ethereum spot ETFs signals renewed institutional confidence in the digital asset market. With a total net asset value of $9.687 billion across Ethereum spot ETFs, the ETF net asset ratio now stands at 2.44% compared to Ethereum’s overall market value. Cumulative historical inflows for Ethereum ETFs are $107 million, underscoring the growing demand for regulated Ethereum investment products.
Source: SoSoValue
This development reflects Ethereum’s increasing role in institutional portfolios. Analysts suggest this trend demonstrates the rising acceptance of blockchain-based assets within mainstream financial markets.
Bitcoin spot ETFs continue to dominate the market
While Ethereum ETFs recovered, Bitcoin spot ETFs continued their dominance, with $490 million in inflows on November 22. These inflows marked five consecutive days of net investments into Bitcoin ETFs, which now hold $107.488 billion in total assets. Bitcoin spot ETFs account for approximately 6% of Bitcoin’s market capitalization, showcasing their widespread adoption.
BlackRock’s IBIT ETF led the charge in Bitcoin inflows, posting a remarkable $513 million in a single day. This surge comes amid a broader rally in Bitcoin’s price, which has soared 167% over the past year, trading at $98,598. The recent rally followed the launch of spot Bitcoin ETFs and the outcome of the U.S. presidential elections, further boosting investor interest in the cryptocurrency.
The post Ethereum Spot ETF Inflows Rebound to $91.2 Million After Six-Day Decline first appeared on Coinfea.
