According to Cointelegraph, spot Ether exchange-traded funds (ETFs) in the United States reached a new milestone for daily inflows on November 29. Data from Farside indicates that $332.9 million was invested into the nine spot Ether ETFs on that day, surpassing the previous record of $295.5 million set on November 11 by $37.4 million.
BlackRock, the world's largest asset manager, played a significant role in this achievement, contributing $250.4 million to the total inflows on November 29. Nate Geraci, president of ETF Store, highlighted in a post on X that BlackRock's iShares Ethereum Trust (ETHA) has accumulated over $2 billion in inflows since its launch on July 23. At the time of reporting, Ether was trading at $3,662, marking a 1.88% increase since November 28, according to CoinMarketCap data.
The surge in Ether ETF inflows has caught the attention of several crypto commentators, who noted that these inflows exceeded those of spot Bitcoin ETFs, which attracted $320 million on the same day. Felix Hartmann, founder of Hartmann Capital, interpreted this as a sign that Wall Street is increasingly participating in the "alt rotation." Ethereum Vibin, a crypto commentator, remarked that "ETH ETF flows have flipped BTC ETF flows for the first time."
This marks the first occasion where Ether ETFs recorded higher inflows than spot Bitcoin ETFs on days when both experienced inflows. This trend follows several recent days where spot Ether ETFs maintained positive inflows, while spot Bitcoin ETFs faced outflows. Cointelegraph reported on November 29 that since November 22, Ether ETFs have attracted more investor interest than Bitcoin ETFs, coinciding with a significant legal victory for Ethereum's decentralized finance (DeFi) ecosystem in a US court.
Between November 22 and 27, spot Ether ETFs accumulated $224.9 million in net inflows over four trading days, whereas spot Bitcoin ETFs recorded $35.2 million in net inflows, largely due to a substantial outflow on November 25.
