US $ETH ETF's


Ethereum ETF's have recently experienced significant inflows after a long period of outflows. 

On November 29th, spot Ethereum ETF's in the US reached a new record with $332.9m in daily inflows, beating the previous record of $295.5m. 

US Ethereum ETF's saw $84.5m in total weekly inflows, marking their highest weekly inflows since August.

BlackRock's iShares Ethereum Trust (ETHA) surpassed $1B in total assets, joining Grayscale's Ethereum Mini Trust in this achievement.

Fidelity's FETH fund led the resurgence with $42.5m in inflows on a single day.

Ethereum ETF's outpaced Bitcoin ETF's in attracting capital, with spot Ethereum ETF's seeing $224.9m in net inflows from November 22-27, while Bitcoin ETF's had $35.2m.

It seems the 'Market Sentiment' shift fueled by favourable legal and regulatory conditions have had a positive effect on investor interest and the US ETF's are now starting to see a positive trend in inflows.

 

Always DYOR.

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Jenkas Crypto Musings
Jenkas Crypto Musings

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