Ethereum-based spot exchange-traded funds (ETFs) have been experiencing a streak of inflows, with Dec. 6 marking the 10th consecutive day of positive inflows. The funds saw $83.3 million in inflows, bringing the total for the past week to $836.7 million. Fidelity's Ethereum Fund (FETH) was the largest contributor, with $47.9 million in inflows. Ethereum's price has also surged, reaching over $4,000, the highest since March 2024. This increase in price, more than 10% in the past week, aligns with the inflows into Ethereum ETFs.
This inflow streak is the longest since the launch of Ethereum ETFs in July 2024. The funds have seen significant trading volume, with nearly $1 billion in total trading on Dec. 6, the fourth-highest trading day since the launch. This was only surpassed by Dec. 5, when $1.1 billion worth of Ether was traded. Alongside the rise in Ethereum price, there has been a resurgence in the NFT market, with many top projects seeing double-digit percentage gains.
Fidelity's FETH fund has been a dominant player, capturing more than half of the inflows, followed by BlackRock's iShares Ethereum Trust (ETHA), which received $34.56 million in inflows. Other funds, such as Grayscale Ethereum Mini Trust and Bitwise Ethereum ETF, have also seen inflows, while some funds like Grayscale's Ethereum Trust and 21Shares Core Ethereum ETF saw outflows of $29.59 million and $6.9 million, respectively.$BTC $ETH #BinanceSquareFamily
