US spot Ethereum exchange-traded funds (ETFs) recently experienced an influx of investments, setting new records as the crypto market shows renewed vitality following the latest US presidential election results.
November 11 marked a milestone, with Ethereum ETFs amassing $294.9 million in a single day—well above the prior record set on their launch day in July, which saw $106.6 million in inflows.
Topping the list was Fidelity’s Ethereum Fund (FETH), which pulled in $115.5 million on this day alone, a new peak for the fund. Close behind was the BlackRock-backed iShares Ethereum Trust ETF (ETHA), which gathered $100.5 million in fresh capital.
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Grayscale’s Ethereum Mini Trust ETF (ETH) and Bitwise’s Ethereum ETF (ETHW) followed with inflows of $63.3 million and $15.6 million, respectively.
Cumulatively, US spot Ether ETFs have attracted nearly $3.1 billion in inflows since their introduction in July, excluding Grayscale Ethereum Trust (ETHE), which has experienced outflows of more than $3.12 billion during the same period. Notably, BlackRock’s ETHA has been the frontrunner in accumulating inflows, topping the charts with over $1.43 billion since its launch.
This surge in Ethereum ETF investments aligns with a price hike in Ethereum
The appeal of Ether-backed ETFs is growing, highlighting investor confidence in the long-term viability of Ethereum as an asset class. As more traditional investors explore crypto-linked assets, this recent surge may signal the start of sustained momentum for Ethereum ETFs in the United States.
In other news, Edward Snowden criticized the influence of venture capital on the Solana blockchain, describing it as "born in prison" due to its lack of decentralization.
