U.S.-based spot Ether exchange-traded funds (ETFs) have seen a strong influx of capital, turning their total net flows positive for the first time since their July launch. On November 12, the nine Ether ETFs collectively recorded $135.9 million in net inflows, following a record-breaking $295 million the previous day, as reported by Farside Investors.
This surge pushed the funds into a net positive $107.2 million, reversing previous outflows.
BlackRock’s ETHA Drives Massive Inflows
BlackRock’s iShares Ethereum Trust (ETHA) led the wave with $131.4 million in net inflows—its second-highest day after an impressive $266.5 million debut on July 23. ETHA, a standout performer in 2024, has accumulated $1.67 billion in inflows without a single day of net outflows, notes ETF Store president Nate Geraci.
Other Ethereum funds also experienced gains: the Bitwise Ethereum ETF (ETHW) received $17 million, while Grayscale’s Ethereum Mini Trust (ETH) took in $12.7 million. Additionally, smaller inflows were noted for Ark 21Shares and VanEck’s ETFs. This marks the fifth consecutive day of positive flows into Ether ETFs, with nearly $650 million channeled into these funds over this period.
The broader crypto market has mirrored this momentum, with Ether rising 32% over the past week and surpassing $3,400 on November 12. The cryptocurrency’s market cap now exceeds $400 billion, adding the equivalent of Solana’s total market cap within just five days.
Spot Bitcoin ETFs See Record Inflows
Spot Bitcoin ETFs in the U.S. also recorded substantial inflows on November 12, totaling $817.5 million, signaling an increased institutional appetite for crypto-linked products. BlackRock’s iShares Bitcoin Trust (IBIT) dominated with $778.27 million in daily net inflows, boosting its assets under management to $28.92 billion. Fidelity’s Bitcoin ETF (FBTC) added $37.2 million, while VanEck’s HODL ETF garnered $10.13 million.
The recent digital asset surge brought $1.98 billion into investment products last week, marking five consecutive weeks of positive inflows. Year-to-date, the cumulative inflows have reached a historic $31.3 billion, according to CoinShares, with total global assets under management at a peak of $116 billion.
Strong Macro Environment Fuels Investor Optimism
Donald Trump’s recent U.S. presidential victory has fueled optimism across the crypto market, coinciding with a record $1.1 billion in single-day inflows for BlackRock’s spot Bitcoin ETF. Nate Geraci underscores the role of ETFs as a bridge to crypto for mainstream investors, highlighting the involvement of major asset managers and the supportive stance from regulators.
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