U.S.-Based Spot Ether ETFs

U.S.-based spot ether exchange-traded funds (ETFs) have recorded ten consecutive days of net positive inflows, the longest streak since the launch of the nine funds on U.S. stock exchanges in July.

On Friday, the funds accumulated $83.8 million in value, with Fidelity's FETH leading at $47.9 million, representing over half of the net inflows. Overall, more than $992 million was traded that day, making it the fourth-highest volume trading day since their July launch. Excluding the week of debut, it was the second-highest volume day after last Wednesday, which saw nearly $1.1 billion worth of ether traded.

Last week's inflows reached a record $836.7 million, a 62% increase from the previous record of $515.2 million from Nov. 15-22. BlackRock's ETHA fund accounted for about $520 million of last week's inflows, while Fidelity's FETH added nearly $276 million.

This inflow streak aligns with a rally in Ethereum's price, which hit over $4,000 and rose about 3% in the last 24 hours, according to The Block's Ethereum Price Page. November also marked Ethereum's highest monthly on-chain volume since December 2021, nearly double the lowest month of January this year. The rising token value has spurred a slight revival in the NFT market, leading to double-digit percentage increases in several top NFT projects.

Bitcoin ETFs Inflows

U.S.-based spot Bitcoin ETFs have also enjoyed a seven-day inflow streak, amassing over $3 billion in net inflows since Nov. 27, surpassing the estimated holdings of Bitcoin's creator, Satoshi Nakamoto. Despite Bitcoin recently dipping below the significant price of $100,000 USD, its price has seen a slight increase of about 0.28% in the past 24 hours, according to The Block's Bitcoin Price Page.