Spot Ethereum ETFs see record $515M weekly inflows

Spot Ethereum (CRYPTO:ETH) ETFs in the U.S. have seen substantial interest, registering $515.17 million in inflows from November 9 to November 15, marking a record weekly inflow and a three-week streak of positive gains since their launch in July.

November 11 set a milestone with the largest single-day inflow of $295.48 million.

BlackRock’s ETHA led the market gains, contributing $287.06 million of the weekly inflows and increasing its total net inflow to $1.72 billion.

Fidelity’s FETH also attracted significant attention, drawing $197.75 million and boosting its net assets to $764.68 million.

Grayscale’s ETH and Bitwise’s ETHW added $78.19 million and $45.54 million, respectively.

Other ETFs, including VanEck’s ETHV, Invesco’s QETH, and 21Shares’ CETH, also reported modest gains below $3.5 million each.

Despite the overall positive activity, Grayscale’s ETHE recorded outflows of $101.02 million, maintaining its position as the largest Ethereum ETF with $4.74 billion in assets under management.

The combined assets of spot Ethereum ETFs slightly decreased by 1.2% to $9.15 billion, representing 2.46% of Ethereum’s total market capitalisation.

Spot Bitcoin (CRYPTO:BTC) ETFs also performed well, drawing $1.67 billion over the past week, continuing the strong momentum seen in Q4 2024.

Despite significant outflows of $770 million near the week’s end, earlier inflows of $2.43 billion helped sustain the positive trend.

BlackRock’s IBIT remains the leading performer with over $29.28 billion in inflows and $42.89 billion in net assets.

The total net assets of Bitcoin ETFs climbed above $95 billion, making up 5.27% of Bitcoin’s market value.

At the time of writing, the Ethereum (ETH) price was $3,115.22.