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The United States spot Ether exchange-traded funds (ETFs) recorded their biggest day of inflows in history, as the crypto market continues to rally after Trump’s election victory.&nbsp;
The ETFs, which launched in July, recorded $294.9 million in inflows on Nov. 11 — smashing the previous record of $106.6 million on launch day.&nbsp;
The Fidelity Ethereum Fund (FETH) led the pack with $115.5 million in inflows — a record for the fund — while the BlackRock-issued iShares Ethereum Trust ETF (ETHA) was second with $100.5 million, according to <a data-ct-non-breakable="null" href="https://farside.co.uk/ethereum-etf-flow-all-data/" rel="nofollow noopener" target="_blank" text="null" title="https://farside.co.uk/ethereum-etf-flow-all-data/">Farside</a> Investors and preliminary data from crypto news aggregator <a data-ct-non-breakable="null" href="https://x.com/News_Of_Alpha/status/1856173174767136906" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/News_Of_Alpha/status/1856173174767136906">Tree</a> News.
The <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/grayscale-bitcoin-ether-mini-etfs-pulled-750-million-3-months" rel="null" target="null" text="null" title="null">Grayscale Ethereum Mini Trust ETF</a> (ETH) rounded out the top three with $63.3 million in inflows, while the Bitwise Ethereum ETF (ETHW) posted $15.6 million. All other US spot Ether ETFs recorded zero inflow.
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 <img alt="Donald Trump, Data, Staking, Ethereum ETF, BlackRock, US Elections 2024" src="https://s3.cointelegraph.com/uploads/2024-11/01931ee3-fb80-7a31-acc4-4df8236e54a2" title="">
 <figcaption style="text-align: center;">
 Spot Ether ETF flows since Nov. 1. Note BlackRock’s ETHA has not been updated in Farside Investors’ flow table. Source: <a data-ct-non-breakable="null" href="https://farside.co.uk/ethereum-etf-flow-all-data/" rel="null" target="null" text="null" title="https://farside.co.uk/ethereum-etf-flow-all-data/">Farside Investors</a>
 </figcaption>
</figure>
It comes as Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) soared 8.4% to a 14-week high of $3,384 on Nov. 11 — in line with the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-market-cap-soars-new-all-time-high" rel="null" target="null" text="null" title="null">broader market’s near-10% price rise</a> over the same timeframe, CoinGecko <a data-ct-non-breakable="null" href="https://www.coingecko.com/en/coins/ethereum" rel="null" target="null" text="null" title="null">data</a> shows.
Ether is, however, playing catch up with Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>), Solana (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="null" target="null" text="null" title="null">SOL</a>) and other competitors that have outperformed it this bull cycle, BTC Markets crypto analyst Rachael Lucas said in a note to Cointelegraph.
“After being a laggard for most of this cycle Ethereum is starting to catch a bid,” Lucas said, pointing to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-etf-inflows-six-week-high-as-eth-surges-10" rel="null" target="null" text="null" title="null">spot Ether ETFs gaining momentum</a> after a relatively slow start.
Lucas said <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth" rel="null" target="null" text="null" title="null">Ether staking returns</a> (not accessible through United States spot Ether ETFs) will also become more appealing to traditional investors as they consider <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-is-still-like-amazon-in-the-1990s-21-shares" rel="null" target="null" text="null" title="null">Ether’s bull case.</a>
“[There’s] no reason to believe ETH won’t run well.”
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-hits-3200-surpasses-bank-of-america" rel="null" target="null" text="null" title="null">Ethereum hits $3.2K, surpassing Bank of America market cap</a>
CK Zheng, a founder at ZX Squared Capital, told Cointelegraph that Ether would likely benefit from a pro-crypto Trump administration in the coming months:
<blockquote>
 “ETH and SOL will perform well in the next few months if the new Trump administration actively promotes blockchain technology and speed up the digitalization in the financial industry.”
</blockquote>
Since launch, US <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/spot-ethereum-etf" rel="null" target="null" text="null" title="null">spot Ether ETFs</a> have accumulated almost $3.1 billion in inflows when excluding outflows from the Grayscale Ethereum Trust (ETHE), which has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/grayscale-eth-etf-stems-bleeding-activity-spikes-on-ethereum" rel="null" target="null" text="null" title="null">bled almost $3.13 billion.</a>
BlackRock’s ETHA leads all with more than $1.5 billion worth of inflows since the investment products launched on July 23.
Magazine:<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereum-defi-cryptocurrency-tokens-narrative-bull-market-michael-van-de-poppe-cointelegraph-magazine/" rel="null" target="null" text="null" title="null"> DeFi and Ethereum are the ‘new narrative’: Michaël van de Poppe, X Hall of Flame</a>

‘Ethereum is starting to catch a bid’ — US ETFs hit record $295M inflow

Cointelegraph

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