Ethereum spot ETFs have achieved a historic milestone, recording $332.92 million in daily net inflows on November 29, outpacing Bitcoin ETFs, which saw $320.01 million. This marks the first time Ethereum ETFs have led daily flows since their inception.
Ethereum ETF Surge Coincides with Price Rally
Ethereum’s price surged over 3% in the last 24 hours, trading at $3,750, while Bitcoin displayed minimal movement at $96,800 during the same period.
The first U.S. spot Ethereum ETFs launched on July 23, backed by financial giants like BlackRock, Fidelity, and Grayscale. These funds provide exposure to Ethereum’s price without requiring direct ownership of the cryptocurrency.
Top Performing Ethereum ETFs
Here’s how the leading Ethereum spot ETFs are performing:
- BlackRock iShares Ethereum Trust ETF (NASDAQ)
- Daily Net Inflow: $250.39 million
- Cumulative Net Inflow: $2.1 billion
- Net Assets: $2.5 billion
- Grayscale Ethereum Mini Trust (NYSE)
- Daily Net Inflow: $3.39 million
- Cumulative Net Inflow: $420.15 million
- Market Price: $33.84
- ETH Share: 0.35%
- Fidelity Ethereum Fund (Cboe Exchange)
- Daily Net Inflow: $79.44 million
- Cumulative Net Inflow: $824.23 million
- Market Price: $35.88
- ETH Share: 0.22%
Bitcoin ETFs Maintain Strong Performance
Despite Ethereum’s surge in daily inflows, Bitcoin ETFs continue to demonstrate robust cumulative performance:
- BlackRock iShares Bitcoin Trust ETF (IBIT)
- Daily Net Inflow: $137.49 million
- Cumulative Net Inflow: $31.74 billion
- BTC Share: 2.51%
- Fidelity Wise Origin Bitcoin Fund (FBTC)
- Daily Net Inflow: $106.46 million
- Bitwise Bitcoin ETF (BITB)
- Daily Net Inflow: $26.54 million
Grayscale Bitcoin Trust, however, recorded no daily inflows and remains at a cumulative position of – $20.52 billion.
Ethereum vs. Bitcoin ETF Stats
- Ethereum ETF Daily Volume: $313.61 million
- Bitcoin ETF Daily Volume: $2.51 billion
- Cumulative Ethereum ETF Net Inflows: $573.32 million
- Cumulative Bitcoin ETF Net Inflows: $30.70 billion
Milestones in ETF Development
- The first-ever Bitcoin spot ETF, launched by Purpose Investments in Canada on February 18, 2021, trades under the ticker BTCC.
- The U.S. currently lacks SEC-approved spot Bitcoin ETFs. Futures-based Bitcoin ETFs, such as ProShares Bitcoin Strategy ETF (BITO), began trading in October 2021.
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