- Spot Ether ETFs recorded $332.9 million in daily inflows on Nov. 29, breaking previous records.
- BlackRock contributed $250.4 million, accounting for the majority of the inflows.
- Ether ETFs outperformed Bitcoin ETFs in inflows for the first time on an inflow-positive day for both.
Spot Ether exchange-traded funds (ETFs) in the United States reached unprecedented levels of daily inflows on Nov. 29. Data from Farside revealed that the nine listed Ether ETFs collectively brought in $332.9 million, surpassing the previous record of $295.5 million set on Nov. 11 by $37.4 million.
The surge in inflows was primarily driven by BlackRock, whose iShares Ethereum Trust contributed $250.4 million. According to ETF Store President Nate Geraci, BlackRock’s Ether ETF has amassed over $2 billion in inflows since its launch on July 23.
Wall Street Shows Interest as Ether Outpaces Bitcoin ETFs
Ether ETFs achieved another milestone by surpassing Bitcoin ETFs in inflows for the first time when both experienced positive inflows. Spot Bitcoin ETFs recorded $320 million on the same day, falling short of Ether’s performance.
Felix Hartmann, founder of Hartmann Capital, commented that the increasing Ether ETF inflows indicate Wall Street’s growing participation in the “alt rotation.” Pseudonymous trader Pentoshi highlighted that the market is beginning to absorb sellers, paving the way for more growth.
This trend follows a broader shift seen since Nov. 22, when Ether ETFs started attracting more investor funds than Bitcoin ETFs. Over the four trading days between Nov. 22 and Nov. 27, Ether ETFs recorded $224.9 million in net inflows, while Bitcoin ETFs brought in only $35.2 million.
Analysts believe that the strong performance of Ethereum’s decentralized finance (DeFi) ecosystem and recent legal victories in the U.S. may be boosting investor confidence in Ether-based ETFs.
