Ethereum and Bitcoin ETFs: A Surge in Market Interest

The financial world has been buzzing with activity as spot Ethereum ETFs in the United States continue to capture significant market interest. This renewed enthusiasm follows the political landscape shift with Donald Trump emerging as the next US President. Institutional investors are eagerly positioning themselves for what they anticipate to be a massive crypto bull run. These Ethereum ETFs have reached a milestone by registering over $500 million in weekly inflows, a first since their trading inception in July. Simultaneously, spot Bitcoin ETFs are maintaining a remarkable performance, concluding yet another week with over $1 billion in inflows.

Spot Ethereum ETFs Achieve Record Inflows

Ethereum ETFs have been on a remarkable streak, with data from ETF aggregator site SoSoValue revealing that these funds attracted $515.17 million between November 9 and November 15. This influx establishes a new record for weekly inflows and marks a 3-week positive inflow streak, a first for these ETFs. Notably, November 11 witnessed the largest daily inflow ever, with $295.48 million in investments.

Among the market gains during this period, $287.06 million were directed towards BlackRock’s ETHA, solidifying its market dominance with a cumulative net inflow of $1.72 billion. Fidelity’s FETH also emerged as a market favorite, drawing in $197.75 million in inflows, which elevated its net assets to $764.68 million. Meanwhile, Grayscale’s ETH and Bitwise’s ETHW accounted for substantial investments valued at $78.19 million and $45.54 million, respectively.

Other ETFs, including VanEck’s ETHV, Invesco’s QETH, and 21 Shares’ CETH, experienced notable inflows, albeit not exceeding $3.5 million. Despite this positive trend, Grayscale’s ETHE recorded outflows of $101.02 million, yet it remains the largest Ethereum ETF with $4.74 billion in Assets Under Management (AUM).

Overall, the total net assets of spot Ethereum ETFs saw a slight decrease of 1.2%, amounting to $9.15 billion, which represents 2.46% of the Ethereum market cap.

Spot Bitcoin ETFs: Consistent Performance

In the realm of Bitcoin, spot ETFs have maintained their buoyancy, recording $1.67 billion in inflows over the past week. This performance has been a continuation of the robust activity observed in the fourth quarter of 2024. Despite experiencing notable daily outflows exceeding $770 million towards the week’s end, earlier inflows of $2.43 billion were crucial in sustaining the market’s positive momentum.

BlackRock’s IBIT, leading the market and recognized as the best-performing crypto spot ETF, now boasts over $29.28 billion in inflows and $42.89 billion in net assets. The total net assets of spot Bitcoin ETFs have surged back above $95 billion, capturing 5.27% of the Bitcoin market.

As of the current market conditions, Bitcoin is trading at $90,175, while Ethereum hovers around $3,097.

The landscape for cryptocurrency ETFs is witnessing an unprecedented level of interest and investment, signaling a potentially transformative period for digital assets in the financial market.