United

Spot

<p>Spot Ether exchange-traded funds (ETFs) in the United States hit a new record for daily inflows on Nov. 29.</p> 
<p>Data from Farside reveals that $332.9 million flowed into the nine spot Ether ETFs on that day, surpassing the previous record of $295.5 million set on Nov. 11 by $37.4 million.</p> 
<h3 class="wp-block-heading" id="blackrock-leads-the-inflows">BlackRock Leads the Inflows</h3> 
<p>BlackRock, the world’s largest asset manager, accounted for $250.4 million of the total daily inflows.</p> 
<p>Nate Geraci, president of ETF Store, highlighted in a Nov. 29 post on X that BlackRock’s iShares Ethereum Trust (ETHA) has now amassed over $2 billion in inflows since its launch on July 23.</p> 
<p>At the time of writing, Ether was trading at $3,662, marking a 1.88% increase since Nov. 28, according to CoinMarketCap.</p> 
<p>Pseudonymous crypto trader Pentoshi commented in a Nov. 29 X post, “Now we have early signs of this happening in ETH, as the flows begin to finally pick up, and sellers begin to get absorbed. It only takes time.”</p> 
<h3 class="wp-block-heading" id="eth-etfs-overtake-btc-etfs">ETH ETFs Overtake BTC ETFs</h3> 
<p>Several crypto analysts noted that the Ether ETF inflows were higher than those of spot Bitcoin ETFs, which brought in $320 million on the same day.</p> 
<p>Felix Hartmann, founder of Hartmann Capital, stated that this indicates Wall Street’s growing interest in the “alt rotation.”</p> 
<p>“ETH ETF flows have flipped BTC ETF flows for the first time,” observed crypto commentator Ethereum Vibin in an X post.</p> 
<h3 class="wp-block-heading" id="consistent-positive-inflows">Consistent Positive Inflows</h3> 
<p>This marks the first instance where Ether ETFs recorded higher inflows than Bitcoin ETFs on days when both had inflows.</p> 
<p>Notably, Ether ETFs have maintained positive inflows even during days of Bitcoin ETF outflows.</p> 
<p>Between Nov. 22-27, Ether ETFs recorded $224.9 million in net inflows, while Bitcoin ETFs tallied only $35.2 million, largely due to outflows on Nov. 25.</p> 
<p>This trend follows Ethereum’s recent success in a U.S. court, bolstering confidence in its decentralized finance (DeFi) ecosystem.</p>

Spot Ether ETFs Hit New Record as Rotation Begins

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