Spot Ethereum ETFs have witnessed an unprecedented surge in inflows, with a record $295 million in daily investments recorded on November 11, as Ethereum’s price continues to climb, reaching $3,370. This marks a new high in Ethereum ETF inflows, driven by a 38% weekly gain in ETH’s price.
The record daily inflows highlight Ethereum’s growing appeal to institutional investors, with major players such as Fidelity and BlackRock leading the charge. Fidelity’s FETH ETF took the lead with $115.5 million, followed by BlackRock’s ETHA, which saw $100 million, and Grayscale’s mini-ETF, which attracted $63.3 million. This surge has brought total Ethereum ETF inflows over the past four days to more than $500 million, fueled by increased investor interest since the victory of Donald Trump in the recent elections.
James Butterfill, an analyst at CoinShares, noted that these inflows represent the largest since Ethereum ETFs were launched in July, as more investors seek exposure to cryptocurrencies through traditional financial products. This trend mirrors the recent success of spot Bitcoin ETFs, which have also seen record-breaking inflows.
The surge in Ethereum ETFs comes alongside a significant rally in ETH’s price, which has gained 38% this week and is on track to break key price milestones. With its market capitalization now surpassing $400 billion, Ethereum has overtaken major financial institutions such as Bank of America in valuation. Futures open interest for Ethereum has also reached a record high of $17.93 billion, signaling strong bullish sentiment.
Looking ahead, analysts suggest that Ethereum could soon test new price targets, with some predicting a breakout to $5,450 if current bullish trends continue. The growing momentum around Ethereum ETFs and the price surge could further propel the altcoin market, benefiting broader crypto market growth.
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