Spot Ether (ETH) exchange-traded funds (ETFs) in the U.S. experienced their largest single-day inflows on Dec. 5, with investors piling a record-breaking $432 million into the funds. This marks the ninth consecutive day of positive flows, driven by renewed optimism in Ethereum’s rally toward the $4,000 mark.
Ether ETFs Witness Historic Growth
Preliminary data from Farside Investors and Tree News revealed that the nine spot Ether (ETH) ETFs collectively amassed $1.3 billion in inflows over the past two weeks, with $431.5 million added on Dec. 5 alone. The previous daily record, $333 million on Nov. 29, was surpassed by this recent surge.
The BlackRock iShares Ethereum Trust led the inflow charge, contributing $295.7 million, boosting its total inflows to $2.3 billion since launch. Fidelity’s Ethereum Fund also recorded significant growth, bringing in $113.6 million, followed by Grayscale’s Ethereum Mini Trust at $30.7 million, and Bitwise’s Ethereum ETF at $6.6 million.
Grayscale and Bitcoin ETFs See Contrasting Trends
While most Ether ETFs registered gains, the Grayscale Ethereum Trust saw a $15.1 million outflow. Meanwhile, U.S. spot Bitcoin ETFs continue to attract substantial investments, recording a net inflow of $747.8 million across 11 funds on the same day. The BlackRock iShares Bitcoin Trust accounted for $751.6 million of these inflows, reaching an impressive $34 billion total since launch.
Ethereum Price and Market Sentiment Surge
Ether (ETH) prices have rallied by 16% over the past two weeks, reaching an eight-month high of $3,946 on Dec. 5, according to CoinGecko. Analysts expect further strength for Ethereum against Bitcoin, with the ETH/BTC ratio rising 14.5% over the past month to 0.04. Projections suggest the ratio could climb higher over the next six to 12 months following a period of underperformance.
Investor Confidence Signals a Bullish Market
The rapid accumulation of Ether (ETH) ETFs underscores growing institutional and retail investor confidence in Ethereum. As ETH’s price gains momentum, the continued inflow of funds into these ETFs highlights their role in driving market enthusiasm and strengthening Ethereum’s position as a leading cryptocurrency.
This wave of inflows positions Ether ETFs as key instruments for investors seeking exposure to Ethereum's growth potential amid a broader cryptocurrency market upswing.
