US-based ethereum spot ETFs have continued to see strong market interest following the emergence of Donald Trump as the next US president as institutional investors continue to position themselves for a massive bull run of cryptocurrencies, these ethereum ETFs have now recorded over $500 million in weekly inflows for the first time since their trading debut in July. Meanwhile, bitcoin spot ETFs continue to perform splendidly, closing out another week with over $1 billion in inflows.
ethereum Spot ETFs Surge $515M Inflows to Extend 3-Week Streak
According to data from the ETF aggregator site <a target="_blank" href="https://sosovalue.com/assets/etf/us-eth-spot” target=”_blank”>SoSoValueethereum spot ETFs attracted $515.17 million between Nov 9 and Nov 15 to set a new weekly inflow record as they achieved a 3-week positive inflow streak for the first time. During this period, these funds also recorded the largest daily inflows in their history, recording $295.48 million in investments on November 11.
Of the total market gains in the specified trading week, $287.06 million went to BlackRock's ETHA, allowing the billion-dollar ETF to strengthen its hold on the market with $1.72 billion in accumulated net receipts.
Meanwhile, Fidelity's FETH remained a strong market favorite with $197.75 million in inflows, while its net assets rose to $764.68 million. Grayscale's eth and Bitwise's ETHW also represented significant investments valued at $78.19 million and $45.54 million, respectively.
Other ETFs such as VanEck's ETHV, Invesco's QETH, and 21 Shares' CETH saw some significant inflows, but not more than $3.5 million. Not surprisingly, Grayscale's ETHE continues to bleed with $101.02 million in outflows recorded, although it retains its position as the largest ethereum ETF with $4.74 billion in assets under management.
Overall, total net assets of ethereum spot ETFs also decreased by 1.2% to $9.15 billion, representing 2.46% of ethereum's market capitalization.
Related Reading: Spot bitcoin ETF Draws Over $2 Billion Inflows as ethereum ETFs Go Green Again – Details
bitcoin spot ETFs remain buoyant with $1.67 billion inflows
In other news, the bitcoin ETF spot market recorded $1.67 billion last week to continue its impressive Q4 2024 performance. While bitcoin ETFs recorded notable daily outflows of over $770 million in the end For the week, the previous weighted inflows of $2.43 billion proved quite important in maintaining the market's green momentum.
Ranking as the market leader and best-performing spot crypto ETF, BlackRock's IBIT now has over $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, the bitcoin Spot ETF's total net assets once again exceeded $95 billion, capturing 5.27% of the bitcoin market.
At the time of writing, bitcoin is trading at $90,175 and ethereum is around $3,097.
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