As a seasoned crypto investor with a decade of experience under my belt, witnessing the surge in Ether and Bitcoin ETF inflows is a testament to the growing acceptance and maturity of digital assets in the financial world. Having navigated through market crashes and bull runs alike, I can confidently say that these record-breaking inflows signal a new era for cryptocurrencies.
US Ether exchange-traded funds (ETFs) consistently broke records as the market gained traction after Donald Trump’s election victory. Notably, November 12 stood out, with these investment instruments attracting approximately $136 million in a single day – marking five consecutive days of positive inflows for the first time.
This surge brings the total net asset value of spot Ethereum ETFs to $9.67 billion.
Spot Ethereum ETFs Achieve Record Inflows
The iShares Ethereum Trust ETF issued by BlackRock (ETHA) was at the top, contributing $131 million of the daily inflows, trailed closely by Bitwise ETHW with $16.98 million, as per data gathered by SoSoValue.
On that particular day, the Grayscale Ethereum Mini Trust ETF (ETH) and VanEck’s ETHV witnessed substantial inflows of $12.71 million and $6.02 million respectively. Meanwhile, 21Shares’ CETH saw a more modest intake of $1.97 million. Notably, Fidelity Ethereum Fund (FETH), Franklin Templeton’s EZET, and Invesco’s QETH experienced no inflows on that day.
As a crypto investor, I’m thrilled to share that since their launch, spot Ethereum ETFs have managed to secure net positive inflows, marking a significant milestone in our journey. This triumphant turnaround follows a challenging period where Grayscale’s Ethereum Trust (ETHE) experienced over $3.1 billion in outflows.
Investments into Ethereum Exchange-Traded Funds (ETFs) surged during the same period when the overall cryptocurrency market was experiencing a bull run, with Bitcoin reaching record highs shortly after Donald Trump’s election as President. Despite the market showing some signs of cooling off, Ether’s price has gone up by over 20% within the last week, currently trading above $3,175.
Solid Day for Bitcoin ETFs
On another positive day for Bitcoin ETFs, a significant $817 million flowed into these investment products. BlackRock’s IBIT led the charge with an impressive $778.3 million in daily inflows, bumping its weekly total to a staggering $1.93 billion. Fidelity’s FBTC and Grayscale’s Mini Bitcoin Trust, as well as VanEck’s HODL, also saw sizable contributions of approximately $37.2 million and over $10 million respectively.
Conversely, the Grayscale Bitcoin Trust (GBTC), the second-largest Bitcoin ETF in terms of net assets, had an outflow of approximately $17.8 million, while Ark Invest’s ARKB and 21Shares also reported a $5.4 million outflow on Tuesday.
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2024-11-13 17:03