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Ruholamin Haqshanas
Author
Ruholamin Haqshanas
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United States-based spot Ether exchange-traded funds (ETFs) are witnessing a remarkable surge in net inflows, flipping their total flows to positive territory for the first time since their launch in July.
On Nov. 12, the nine Ether ETFs collectively recorded $135.9 million in net inflows, following a record-breaking $295 million inflow on Nov. 11, according to data from Farside Investors.
The consecutive strong inflows have pushed the funds to a net positive $107.2 million, overcoming previous outflows.
BlackRock’s ETHA Leads the Surge
Notably, BlackRock’s iShares Ethereum Trust (ETHA) led the surge with $131.4 million in net inflows, marking its second-highest day since its $266.5 million debut on July 23.
The fund, a standout in 2024, has accumulated $1.67 billion in total inflows and has yet to experience a single day of net outflows, according to ETF Store president Nate Geraci.
Other funds also saw gains, with the Bitwise Ethereum ETF (ETHW) adding $17 million and Grayscale’s Ethereum Mini Trust (ETH) pulling in $12.7 million.
Smaller inflows were recorded for Ark 21Shares and VanEck’s offerings. This marks the fifth consecutive day of positive flows into Ether ETFs, with nearly $650 million entering the funds over that period.
The broader crypto market has mirrored this momentum, with Ether surging 32% over the past week to peak above $3,400 on Nov. 12.
The cryptocurrency’s market capitalization exceeded $400 billion, adding the equivalent of Solana’s entire market cap in just five days.
Meanwhile, spot Bitcoin ETFs also had a stellar day on Nov. 12, with aggregate inflows totaling $817.5 million, further signaling growing institutional interest in crypto-linked investment products.
Geraci highlighted the significant intersection of crypto and ETFs, noting the involvement of major asset managers, regulators, and policymakers.
He described ETFs as a bridge for mainstream investors to access cryptocurrencies, emphasizing the transformative potential of this financial innovation.
The surge follows Donald Trump’s victory in the U.S. presidential election, which has fueled optimism across the cryptocurrency market.
Just days after Trump’s win, BlackRock’s spot Bitcoin ETF also achieved a record $1.1 billion in net inflows in a single day.
Spot Bitcoin ETFs See Inflows
On November 12, spot Bitcoin ETFs in the United States also witnessed significant net inflows totaling $817.54 million.
BlackRock’s iShares Bitcoin Trust (IBIT) led the market with an impressive $778.27 million in daily net inflows, contributing to its cumulative total of $28.92 billion in assets under management.
Other notable performers included Fidelity’s Bitcoin ETF (FBTC) with $37.2 million in daily inflows and VanEck’s HODL ETF, which added $10.13 million.
Last week, digital asset investment products attracted a robust $1.98 billion, marking the fifth consecutive week of inflows.
The influx brings the year-to-date figure to a record $31.3 billion, according to a recent report from CoinShares.
The surge in investments has pushed the global assets under management to a new peak of $116 billion.
Bitcoin led the charge with inflows totaling $1.8 billion, buoyed by a favorable macroeconomic environment and recent US political shifts.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
