{"id":3545,"date":"2024-12-01T12:18:23","date_gmt":"2024-12-01T12:18:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3545"},"modified":"2024-12-01T12:18:23","modified_gmt":"2024-12-01T12:18:23","slug":"spot-ethereum-etfs-surpass-single-day-record-with-333-million-inflow-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3545","title":{"rendered":"Spot Ethereum ETFs Surpass Single-Day Record With $333 Million Inflow \u2014 Details"},"content":{"rendered":"
\n

The US-based spot Ethereum ETFs (exchange-traded funds) have continued to shine after putting in a strong performance in the past week. After a period of significant outflows in recent weeks, the crypto products have received significant attention from investors<\/a> in the United States.<\/p>\n

As a result, the Ethereum ETFs ended the month of November, its best 30-day period since launch, on a positive note. This recent shift in investor sentiment was also reflected in the price of Ethereum, which has crossed the $3,500 mark for the first time since July 2024.<\/p>\n

Ethereum ETFs Overtake Bitcoin\u2019s In A Single Day For The First Time Ever<\/strong><\/h2>\n

The latest market data from SoSoValue shows<\/a> that the US-based spot Ethereum ETFs saw a total net inflow of $333 million on Friday, November 29. This represents the crypto exchange-traded funds\u2019 best single-day performance since launch, surpassing the former record of $295 million set on November 11.<\/p>\n

Breaking down the data; BlackRock\u2019s ETH ETF (with the ticker ETHA) accounted for the majority of the capital inflow, registering an influx of $250 million on Friday. Coming in second place was Fidelity\u2019s Ethereum Fund (with the ticker FETH), witnessing an inflow of nearly $80 million to close the week.<\/p>\n

Interestingly, Grayscale\u2019s Ethereum Mini Trust (with the ticker ETH) also posted a daily inflow of $3.39 million on Friday. The other spot Ethereum ETFs in the US didn\u2019t record any capital movement to close the last five-day period.<\/p>\n

More notably, this single-day performance represents the fifth straight day of the Ethereum funds recording a net inflow. To kick off the week, the crypto products recorded a measly inflow of $2.83 million on Monday, November 25.<\/p>\n

\"Ethereum<\/p>\n

However, the inflows grew stronger as the week went on, with the spot Ethereum ETFs posting $40.6 million and $90.1 million on Tuesday and Wednesday, respectively. Cumulatively, these capital inflows<\/a> put the weekly performance for the crypto products at $466 million, which just about falls short of the $515 million record.<\/p>\n

Interestingly, the single-day inflow record of $332 million is the first time in history that the Ethereum ETFs\u2019 performance would surpass that of their Bitcoin counterparts. According to data from SoSoValue, the spot Bitcoin exchange-traded funds registered a total net inflow of $320 million.\n<\/p>\n

Ethereum Price At A Glance<\/strong><\/h2>\n

As of this writing, the price of Ethereum<\/a> is hovering around the $3,700 level, with a 3% increase in the last 24 hours. The altcoin\u2019s performance is more remarkable on the weekly timeframe. According to data from CoinGecko, the second-largest cryptocurrency is up by almost 8% in the past seven days.<\/p>\n

\"Ethereum<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US-based spot Ethereum ETFs (exchange-traded funds) have continued to shine after putting in a strong performance in the past week. After a period of significant outflows in recent weeks, the crypto products have received significant attention from investors in the United States. As a result, the Ethereum ETFs ended the month of November, its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3545","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3545"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3545\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}