Connect with us
Active Currencies 17784
Market Cap $3,973,321,166,259.80
Bitcoin Share 59.22%
24h Market Cap Change $-3.74

Ethereum ETF inflows outpace Bitcoin for the first time! How?

2min Read

Is Ethereum poised for an explosive run after its recent ETF and price surge?

Ethereum ETF inflows outpace Bitcoin for the first time! How?
Share this article

  • Ethereum ETFs saw $332.9 million in inflows, surpassing Bitcoin’s ETF performance on the 29th of November.
  • Ethereum’s price reached a 5-month high, outperforming Bitcoin in weekly and monthly performance.

After a period of challenges, Spot Ethereum [ETH] exchange-traded funds (ETFs) in the U.S. experienced a surge in daily inflows during its latest trading day — the 29th of November. 

This notable uptick signifies growing interest in ETH, highlighting its resurgence as a potential catch-up trade after significantly lagging behind Bitcoin [BTC] in performance this year.

Ethereum ETF update

On the 29th of November, the nine Ethereum-based exchange-traded products saw impressive net inflows totaling $332.9 million, as per data from Farside Investors.

Among these, BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) led the charge, bringing in $250 million and $79 million, respectively.

Grayscale’s Ethereum fund also saw modest inflows of $3.4 million, while other products experienced no additional capital.

This marked the fifth consecutive day of positive inflows, capping off the second-strongest week for the group with $455 million in total inflows, despite the shortened trading week due to Thanksgiving.

In fact, on that very day, Ether ETFs surpassed their spot Bitcoin counterparts, which saw $320 million in inflows but faced net outflows for the week as per Farside Investors.

Remarking on the same, crypto trader Edward Morra noted, 

Edward Morra

Source: Edward Morra/X

What’s the reason behind this?

The surge in Ethereum ETF inflows follows the election of Donald Trump as the 47th President of the United States.

Along with this momentum, open interest for ETF futures on the Chicago Mercantile Exchange (CME), which targets institutional investors, has reached all-time highs near $3 billion, according to CoinGlass.

CoinGlass

Source: CoinGlass

This growth reflects a positive shift in sentiment toward Ethereum as a leading asset in the cryptocurrency space.

ETH and BTC recent price trends

While Bitcoin remained in consolidation below the $100,000 mark throughout the week, Ethereum demonstrated notable strength, outperforming its larger counterpart.

That being said, ETH’s price reached a 5-month high, surpassing $3,700 on the 30th of November, and outperformed Bitcoin both weekly and monthly, though it still lags behind on a year-on-year basis.

Despite this, analyst Woolf took to X (formerly Twitter) and noted, 

Wolf on ETH

Source: Wolf/X

As of the most recent update, Ethereum was priced at $3,582.05, reflecting a 3% decline over the past 24 hours.

Meanwhile, Bitcoin stood at $94,936.36, marking a 2.02% drop in the same period, according to CoinMarketCap.

Therefore, despite recent fluctuations, both cryptocurrencies continue to attract attention, with market dynamics ready to shape and turn bullish in the coming weeks.

Share
Ishika Kumari is a Crypto Analyst and Content Strategist at AMBCrypto, specializing in the analysis of cryptocurrency regulations, market trends, and the socio-political impact of blockchain technology. Her expertise is grounded in her academic background as a graduate of Political Science from the renowned University of Delhi. This discipline has equipped her with a sophisticated framework for analyzing complex governance models, international regulatory landscapes, and the economic principles that underpin decentralized systems. At AMBCrypto, Ishika applies this unique analytical lens to her work. She excels at breaking down intricate subjects—from the technicalities of new protocols to the nuances of global crypto legislation—into clear, accessible, and insightful content. Her primary mission is to bridge the gap between the complexity of the digital asset industry and the everyday reader, ensuring that AMBCrypto's audience is not just informed, but truly understands the forces shaping the future of finance.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.
Thank you for subscribing to Unhashed.