Ethereum spot ETF inflows surged to $91.2 million on November 22, marking a significant turnaround after six consecutive days of outflows. BlackRock’s Ethereum ETF (ETHA) played a pivotal role in this recovery, recording a substantial single-day inflow of $99.67 million. This development highlights Ethereum’s growing appeal among institutional investors.
BlackRock and fidelity lead inflows, while grayscale sees outflows
BlackRock’s ETHA ETF has reached a historical net inflow of $1.80 billion, solidifying its position as a preferred choice for institutional investors seeking exposure to Ethereum. Fidelity’s Ethereum ETF (FETH) also posted a net inflow of $5.76 million, bringing its total historical net inflow to $704 million.
In contrast, Grayscale’s Ethereum products experienced significant outflows. The Grayscale Ethereum Trust ETF (ETHE) reported a net outflow of $18.56 million on November 22, with its cumulative historical outflow at $3.338 billion. Similarly, the Grayscale Ethereum Mini Trust ETF saw an outflow of $620,000, though its total historical inflow remains at $367 million.
Renewed institutional confidence in Ethereum ETFs
The recent inflow into Ethereum spot ETFs signals renewed institutional confidence in the digital asset market. With a total net asset value of $9.687 billion across Ethereum spot ETFs, the ETF net asset ratio now stands at 2.44% compared to Ethereum’s overall market value. Cumulative historical inflows for Ethereum ETFs are $107 million, underscoring the growing demand for regulated Ethereum investment products.
Source: SoSoValue
This development reflects Ethereum’s increasing role in institutional portfolios. Analysts suggest this trend demonstrates the rising acceptance of blockchain-based assets within mainstream financial markets.
Bitcoin spot ETFs continue to dominate the market
While Ethereum ETFs recovered, Bitcoin spot ETFs continued their dominance, with $490 million in inflows on November 22. These inflows marked five consecutive days of net investments into Bitcoin ETFs, which now hold $107.488 billion in total assets. Bitcoin spot ETFs account for approximately 6% of Bitcoin’s market capitalization, showcasing their widespread adoption.
BlackRock’s IBIT ETF led the charge in Bitcoin inflows, posting a remarkable $513 million in a single day. This surge comes amid a broader rally in Bitcoin’s price, which has soared 167% over the past year, trading at $98,598. The recent rally followed the launch of spot Bitcoin ETFs and the outcome of the U.S. presidential elections, further boosting investor interest in the cryptocurrency.