Ethereum

Bitcoin

when

Felix

<p>The crypto market is experiencing a historic new turning point as Ether spot ETFs have just recorded their largest capital inflow day. This outstanding performance, marked by an influx of $332.9 million on November 29, even surpasses investments in Bitcoin ETFs during the same period.</p>
<h2 id="h-les-etf-ether-spot-battent-tous-les-records-d-entrees-quotidiennes">Ether spot ETFs break all daily inflow records</h2>
<p>November 29, 2023, will be etched in the history of <a href="https://www.cointribune.com/en/crypto-trading-volume-soars-to-70b-as-investors-eye-bitcoin-etf/" target="_blank" rel="noopener noreferrer nofollow">crypto ETFs</a>. The nine American spot Ether ETFs collectively attracted $332.9 million in investments in a single day, shattering the previous record of $295.5 million set on November 11.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p><a href="https://www.cointribune.com/en/1-1-billion-in-one-day-blackrocks-bitcoin-etf-defies-expectations-2/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>, the global asset management giant, particularly stood out by capturing $250.4 million alone through its iShares Ethereum Trust (ETHA). Since its launch on July 23, this fund has already surpassed the $2 billion mark in assets under management, demonstrating the growing appetite of institutional investors for Ether.</p>
<p>This <a href="https://cointelegraph.com/news/spot-ether-etfs-highest-daily-inflows-spot-btc-etf-flip" target="_blank" rel="noopener noreferrer nofollow">remarkable performance</a> is accompanied by a rise in the price of Ether, which is now trading around $3,662, showing a progression of 1.88% over 24 hours. Analysts see this as a strong signal of investor confidence in the second largest crypto by market capitalization.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://coinbase-consumer.sjv.io/c/2801338/552039/9251" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with Coinbase</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-un-tournant-dans-la-dynamique-du-marche-crypto">A turning point in the dynamics of the crypto market</h2>
<p>This historic record marks a significant shift in the investment trends of the crypto sector. For the first time, inflows into Ether ETFs have surpassed those of Bitcoin ETFs, which recorded $320 million on the same day.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">ETHUSDT chart</span></a> by TradingView
 </div>
</div> 
<p>This evolution suggests a possible “altcoin rotation” as highlighted by Felix Hartmann, founder of Hartmann Capital, indicating that Wall Street is seriously starting to diversify its crypto investments beyond Bitcoin.</p>
<p>The trend has been confirmed over several days, with Ether ETFs maintaining positive flows even during periods when <a href="https://www.cointribune.com/en/bitcoin-etfs-are-experiencing-their-largest-outflow-since-may-2024/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs experienced capital outflows</a>.</p>
<p>Between November 22 and 27, Ether ETFs accumulated $224.9 million in net inflows, contrasting with the $35.2 million for Bitcoin ETFs, particularly affected by a day of significant withdrawals on November 25.</p>
<p>This positive dynamic is set against a broader context of regulatory victories for the Ethereum ecosystem, notably a favorable decision from a U.S. court regarding decentralized finance (DeFi).</p>
<p>In summary, this historic performance of Ether ETFs could well mark the beginning of a <a href="https://www.cointribune.com/en/nfts-in-frenzy-bitcoin-stagnates-the-big-upheaval-of-altcoins/" target="_blank" rel="noopener noreferrer nofollow">new cycle in the crypto market</a>, where institutional investors diversify their positions beyond Bitcoin. This evolution suggests a maturation of the market and increasing confidence in Ethereum’s technological potential.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

The Rush For Ether ETFs Intensifies, New Record

Table of Contents

Cointribune EN

Other articles published on Nov 30, 2024

EOSI Finance: Pioneering The 1st-EVER AI-Powered Decentralized Prop Firms for a Financial Revolution

Best Crypto to Buy Today: Qubetics Phase 10 Ends in 2 Days with 900% ROI Potential While Binance ...

Why Ignoring Meme Coins Is Keeping You From Becoming a Millionaire This Bull Run!

Careers in Web3: Building Your Future in the Decentralized Economy

Bitmain’s Antminer Imports in Limbo: Speculations Swirl Around Sophgo’s Huawei Ties

Here’s What to Choose Among the Best Cryptos to Buy in 2024 Featuring Qubetics, Avalanche, and Ve...

Join our free newsletter for daily crypto updates!