U.S. Ethereum ETF Inflows Surge

U.S. spot Ethereum exchange-traded funds (ETFs) witnessed their largest daily net inflows of $295.5 million on Monday, more than doubling the previous record of $106 million set on the funds' opening day.

Monday’s inflows were spearheaded by Fidelity’s ether ETF, bringing in $115.5 million, as per data from SoSoValue. Following closely was BlackRock’s ETHA with $101.1 million in net inflows, while Grayscale’s Mini Ethereum Trust recorded $63.3 million in positive flows. Additionally, Bitwise’s ETHW had $15.6 million flow into the fund.

In the four trading days post Donald Trump’s presidential win, spot ether ETFs have aggregated approximately $513 million in net inflows.

The day also marked a significant rise in daily trading volume among spot ether ETFs, totaling $912.9 million, surpassing last Friday’s volume of $469.1 million and the usual range of $100 million to $200 million.

> “The prospect of a more lenient regulatory approach has eased concerns, leading investors to bet on a more favorable environment for Ethereum and DeFi assets,” stated Rachael Lucas, crypto analyst at BTCMarkets. “If this sentiment continues, we could see sustained or increased inflows into Ethereum ETFs as institutional investors position themselves ahead of potential regulatory changes.”

Lucas noted that the surge in DeFi tokens like Aave, Uniswap, and Lido reflects a broader market confidence in the Ethereum ecosystem. “If DeFi tokens keep rising, it may attract further interest and inflows into Ethereum ETFs as a proxy for accessing the broader DeFi market,” she added.

Currently, the nine ether ETFs together manage $9.7 billion in total net assets, representing about 2.4% of Ethereum's entire market cap. Their cumulative net outflows stand at approximately $41.3 million.

The price of ether climbed 7.3% in the past 24 hours, trading at $3,367 according to The Block’s Ethereum price page.

Bitcoin ETFs Report $1 Billion in Inflows

In contrast, spot bitcoin ETFs experienced daily net inflows of $1.1 billion on Monday, marking the second occasion these funds collectively surpassed $1 billion, following inflows of $1.38 billion recorded on November 7.

BlackRock’s IBIT recorded $756.5 million in net inflows, with Fidelity's FBTC attracting $135 million and Ark and 21Shares' ARKB pulling in $108.6 million. Five other ETFs also enjoyed positive flows on Monday.

The trading volume for the twelve ETFs reached $7.3 billion, the highest since March 14. Their total cumulative net inflows have now reached $26.9 billion.

Bitcoin surged 10% in the past 24 hours, trading at $89,455 according to The Block’s data.