Ethereum

Value

Bitcoin

For the first time in history, Ethereum spot ETFs outpaced Bitcoin ETFs in daily net inflows on November 29, 2024, signaling a significant shift in investor sentiment. Ethereum ETFs recorded a net inflow of $332.9 million, surpassing Bitcoin’s inflow of $320 million, according to a <a href="https://farside.co.uk/btc/" target="_blank" rel="noreferrer noopener nofollow">report</a> by Farside Investors. 
The <a href="https://farside.co.uk/ethereum-etf-flow-all-data/" target="_blank" rel="noreferrer noopener nofollow">surge</a> was led by BlackRock’s ETHA, which garnered $250.4 million, followed by Fidelity’s FETH at $79.1 million, and Grayscale’s Mini $ETH with $3.4 million. The increasing inflows coincide with a drop in Bitcoin dominance to 57.66%, down from its 61.78% high earlier in November, indicating a growing interest in alternative cryptocurrencies. 
As of writing, the total net asset value of Bitcoin spot ETFs stands at $105.28B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.47%. The historical cumulative net inflow has reached $30.70B. 
In the past 7 days, Ethereum’s Total Value Locked (TVL) has also increased by 9.23%, reaching approximately $70.15 billion. According to Deflama, Solana’s TVL is about $9.20 billion, which has decreased by 1.6% over the past week; Tron’s TVL is approximately $7.86 billion, with an increase of 2.07% in the last 7 days. 
Ethereum’s price surged to over $3,700, marking a 2.5% daily gain and a 22% rally since Bitcoin’s dominance began declining. Meanwhile, Bitcoin is undergoing a correction phase, further fueling the momentum of altcoins like Ethereum. 
This landmark moment highlights a potential paradigm shift, with Ethereum’s growing ecosystem and increasing TVL capturing investor attention as the market diversifies beyond Bitcoin. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/28/ethereum-hits-3600-will-4000-be-the-next-this-week/" target="_blank" rel="noreferrer noopener">Ethereum Hits $3600: Will $4000 Be the Next This Week?</a> 
</blockquote>

Spot ETH ETFs Surpass BTC ETFs in Daily Net Flow for First Time

The Crypto Times

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