Ethereum ETFs set historic positive flows with five-day streak of $136 million

Ether exchange-traded funds (ETFs) in the United States continued to set records as the market maintained momentum following Donald Trump’s election victory. November 12 was a key day, with these investment vehicles seeing a net inflow of nearly $136 million, marking the first instance of a five-day streak of positive inflows.

This increase brings the total net asset value of Ethereum ETFs in cash to $9.67 billion.

Spot Ethereum ETFs Achieve Record Inflows

Topping the chart was iShares Ethereum Trust ETF (ETHA) issued by BlackRock, which accounted for $131 million of those daily inflows, followed by Bitwise ETHW with $16.98 million, according to data compiled by SoSoValue.

Next up was VanEck’s Grayscale Ethereum Mini Trust ETF (ETH) and ETHV, which saw inflows of $12.71 million and $6.02 million respectively on the same day. Meanwhile, 21Shares’ CETH attracted a modest entry of $1.97 million. Fidelity Ethereum Fund (FETH), Franklin Templeton’s EZET and Invesco’s QETH reported no flows.

ETF Store President Nate Geraci noted that spot Ethereum ETFs have now achieved positive net flows since launch. This feat comes after Grayscale’s Ethereum Trust (ETHE) topped $3.1 billion in outflows. Geraci also noted that BlackRock’s ETHA has become one of the top six ETF launches in 2024.

Significant inflows into Ethereum ETFs coincided with a broader rally in the cryptocurrency market, as Bitcoin hit new highs in the days following President-elect Donald Trump’s victory. Although the market seems to have taken a breather, the price of Ether has still increased by more than 20% over the past week, trading above $3,175.

Solid day for Bitcoin ETFs

Spot Bitcoin ETFs also had another strong day, registering more than $817 million in net inflows. BlackRock’s IBIT led the way, posting $778.3 million in daily inflows, bringing its weekly total to $1.93 billion. Fidelity’s FBTC also brought in $37.2 million in inflows, while Grayscale’s Mini Bitcoin Trust and VanEck’s HODL added more than $10 million.

On the other hand, Grayscale’s GBTC, the second largest spot Bitcoin ETF by net assets, saw an outflow of $17.8 million, and Ark and 21Shares’ ARKB saw an outflow of 5 .4 million dollars on Tuesday.

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