Rising Inflows: U.S. Ethereum ETFs Continue to Thrive
In the United States, spot Ethereum ETFs (exchange-traded funds) have maintained an impressive trajectory, securing their tenth consecutive day of positive inflows, marking a robust end to the week. This notable performance underscores the increasing confidence among investors, particularly in the wake of the recent U.S. presidential elections.
As we approach December, this consistent influx of capital sets a promising tone for U.S.-based Ethereum ETFs, which have not yet experienced such a prolonged period of strong inflows. This wave of optimism has also positively impacted Ethereum’s market price, which recently surpassed the $4,000 level for the first time since March 2024.
Spot Ethereum ETFs Achieve Remarkable Trading Volumes
Advertisement Banner
According to data from SoSoValue, the U.S. Ethereum ETF market saw a net inflow of $83.3 million on Friday, December 6. This milestone marks ten consecutive days of capital inflows, the longest streak since the ETFs were introduced in July 2024.
Fidelity’s Ethereum Fund, with the ticker FETH, was the primary contributor to this value surge, registering approximately $47.9 million in inflows on Friday. BlackRock’s iShares Ethereum Trust, known as ETHA, followed closely, securing an inflow of over $34.56 million. In addition, the Grayscale Ethereum Mini Trust (ETH) and Bitwise Ethereum ETF (ETHW) added $22.9 million and $13.45 million, respectively.
It’s noteworthy that the Grayscale Ethereum Trust, identified by the ticker ETHE, and the 21Shares Core Ethereum ETF, marked as CETH, experienced outflows of $29.59 million and $6.9 million, respectively.
This impressive $83.3 million inflow in a single day has pushed the total net inflow to more than $836.69 million over the past week, setting a new weekly record for Ethereum ETFs since their inception. This represents a significant increase from the previous peak of $515 million recorded in mid-November.
Friday also ranked as the fourth-highest trading volume day for Ethereum ETFs since their market debut. SoSoValue reported that a total trading value of $992.52 million was recorded, concluding the week on a high note.
Ethereum’s Current Market Position
As of now, Ethereum (ETH) is valued at approximately $4,000, reflecting a minor 0.4% decline over the past 24 hours. However, the altcoin’s performance over a broader timeframe is notably impressive, with a price increase of more than 10% over the past week.
The price of Ethereum remains steady around the $4,000 mark, showcasing resilience in the daily market analysis.
