Publicly available cryptocurrency price tracking websites like CoinMarketCap or CoinGecko

Ethereum ETFs Set Record $333 Million Inflows on Nov 29, Surpass Bitcoin ETFs

Nov 30, 2024, 04:06 AM

US Bitcoin and Ethereum ETFs experienced record inflows on November 29, 2024, with Ethereum ETFs surpassing Bitcoin ETFs in daily net inflows for the first time. Ethereum ETFs saw net inflows of $332.9 million, setting a new daily record, while Bitcoin ETFs had net inflows of $320 million. BlackRock's Ethereum ETF, ETHA, led the surge with a single-day inflow of $252.4 million, bringing its total inflows since launch to over $2.103 billion. Fidelity's Ethereum ETF, FETH, also contributed with a net inflow of $79.1 million. The significant inflows coincide with Ethereum's price rally, as the cryptocurrency reached $3,700 and is approaching the $4,000 mark. Additionally, Ethereum CME Futures open interest hit an all-time high, surpassing 700,000 contracts, indicating growing institutional interest. On the Bitcoin side, ETFs purchased 4,760 BTC on November 29, with BlackRock's Bitcoin ETF, IBIT, recording a single-day inflow of $137 million. Bitcoin ETFs' cumulative inflows totaled $30.38 billion. The surge in ETF inflows reflects increased institutional participation in the cryptocurrency market, as both Bitcoin and Ethereum approach significant price milestones.