Ethereum ETFs Record $332.9M Daily Inflow, Outperform Bitcoin ETFs
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- Ethereum ETFs Outpace Bitcoin in Daily Inflows Milestone
- BlackRock Adds BTC, but ETH ETFs Lead with Consistent Inflows
- Bitcoin ETFs Record $320M Inflows as Ethereum Leads ETFs Race
Ethereum ETFs saw record-breaking inflows of $466.5M last week, outpacing Bitcoin ETFs. With $332.9M on Nov 29 alone, Ethereum shows increasing dominance in the U.S. crypto ETF market.
Ethereum ETFs Outperform Bitcoin in Weekly Inflows
Ethereum recorded $466.5 million in inflows to Ethereum ETFs during the week ending November 29, 2024, surpassing Bitcoin ETFs. Bitcoin ETFs saw $135.1 million less in inflows compared to Ethereum, indicating a shift in investor focus. This highlights a growing appeal for Ethereum as an attractive cryptocurrency for investment.
Ethereum ETFs experienced their largest-ever net inflow on November 29, 2024, totaling $332.9 million. Bitcoin ETFs also saw significant inflows of $320 million on the same day, trailing slightly behind Ethereum. This historic milestone reflects growing confidence in Ethereum as a viable investment vehicle.
Investor Trends Highlight Ethereum’s Growing Market Appeal
Ethereum ETFs continued receiving inflows during each trading day of the week, reflecting robust and sustained investor interest. However, Bitcoin ETFs faced outflows on two out of four trading days, affecting their overall weekly performance. This trend shows a shift in market trends associated with use of Ethereum and the decline in the use of Bitcoin.
BlackRock, a key player in the Bitcoin ETF market, added 4,230 BTC worth $405.3 million during the week. Despite its steady accumulation, BlackRock’s activity did not offset the comparative dominance of Ethereum ETFs. Ethereum’s consistent inflows suggest growing investor optimism about its long-term potential.
Market Dynamics Reflect Ethereum’s Competitive Edge
Data from spot-on-chain shows a sharp rise in Ethereum ETF inflows, especially in the final trading days of November. Bitcoin ETFs recorded significant inflows and outflows which indicates their relatively unstable performance. These trends highlight Ethereum’s growing dominance in the ETF space.
Ethereum ETFs continue to attract increasing investments which positions it as a key player in the U.S. cryptocurrency market. The consistent growth in Ethereum ETFs indicates a broader acceptance of Ethereum-based financial products. This has further increased its importance in institutional and retail investment portfolios.
