US-based spot Ethereum ETFs continue to receive high attention from the market following Donald Trump’s inauguration as the next US President. As institutional investors continue to gear up for a massive crypto bull run, these Ethereum ETFs have seen weekly inflows surpass $500 million for the first time since their trading debut in July. Meanwhile, spot Bitcoin ETFs have maintained their stellar performance, closing out another week with inflows exceeding $1 billion.
Spot Ethereum ETF Adds $515M Inflows to Extend 3-Week Winning Streak
According to data from ETF aggregator SoSoValue, spot Ethereum ETFs attracted $515.17 million between November 9 and November 15, setting a new weekly inflow record and achieving three weeks of positive inflows for the first time ever. During this period, these funds also recorded their largest single-day inflows ever, recording $295.48 million in investments on November 11.
Of the total market gains in the given trading week, $287.06 million went to BlackRock’s ETHA, allowing the $1 billion ETF to strengthen its grip on the market with $1.72 billion in cumulative net inflows.
Meanwhile, Fidelity’s FETH remained the market favorite with inflows of $197.75 million, climbing its net assets to $764.68 million. Grayscale’s ETH and Bitwise’s ETHW also accounted for significant investments of $78.19 million and $45.54 million, respectively.
Other ETFs like VanEck’s ETHV, Invesco’s QETH, and 21 Shares’ CETH experienced some significant inflows, but none exceeded $3.5 million. Not surprisingly, Grayscale’s ETHE continued to see outflows of $101.02 million, though it maintained its position as the largest Ethereum ETF with $4.74 billion in AUM.
Overall, total net assets of spot Ethereum ETFs also fell by 1.2% to $9.15 billion, accounting for 2.46% of Ethereum’s market capitalization.
Spot Bitcoin ETFs Still Active, With $1.67B Inflows
In other news, the spot Bitcoin ETF market recorded $1.67 billion over the past week, continuing its impressive performance in the fourth quarter of 2024. While Bitcoin ETFs saw daily outflows of over $770 million over the weekend, the earlier weighted inflows of $2.43 billion proved to be important in maintaining the market’s green momentum.
BlackRock’s IBIT is the market leader and best-performing cryptocurrency spot ETF, now with over $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, total net assets of spot Bitcoin ETFs are back above $95 billion, capturing 5.27% of the Bitcoin market.
At the time of writing, Bitcoin is trading at $90,175 and Ethereum is hovering around $3,097.
