Ethereum exchange-traded funds (ETFs) in the United States have made headlines recently, celebrating a remarkable streak of positive inflows that has lasted for ten consecutive days.
As the week drew to a close, these developments painted a picture of growing investor confidence, especially amid the political dynamics following the recent US presidential elections.
Positive Market Impact
Entering December, these inflows signify an encouraging start for US Ethereum ETFs—something rare in past years during this time of year.
This influx of capital has also had a notable effect on Ethereum’s market price, which recently broke the $4,000 barrier for the first time since March 2024.
Data from SoSoValue reveals that on Friday, December 6, the U.S. Ethereum ETF market saw a net inflow of $83.3 million, establishing a new record for the longest uninterrupted inflow streak since the launch of these funds in July 2024.
Major Contributors
Interestingly, a large share of this capital surge can be traced back to Fidelity’s Ethereum Fund (ticker: FETH), which alone brought in approximately $47.9 million that day.
Hot on its heels was BlackRock’s iShares Ethereum Trust (ticker: ETHA), amassing over $34.56 million in inflows.
Other notable players in this growth included the Grayscale Ethereum Mini Trust (ETH), which saw inflows of $22.9 million, and the Bitwise Ethereum ETF (ETHW), which contributed an additional $13.45 million.
In contrast, the Grayscale Ethereum Trust (ticker: ETHE) and the 21Shares Core Ethereum ETF (ticker: CETH) found themselves on the other end of the spectrum, facing outflows of $29.59 million and $6.9 million, respectively.
Market Activity and Outlook
The total inflow of $83.3 million on Friday has propelled the weekly net inflows beyond an impressive $836.69 million—the highest recorded since the introduction of Ethereum ETFs.
This marks a significant leap from a mid-November peak of $515 million, showcasing a substantial surge in interest.
Trading activity on that day was also noteworthy, reaching nearly $992.52 million, making it one of the most active trading days since the funds’ launch.
As for Ethereum’s current status, it hovers around $4,000, reflecting a slight dip of 0.4% over the last 24 hours.
Yet, the broader picture looks optimistic—over the past week, the cryptocurrency has enjoyed a healthy increase of over 10%.
Source: Bitcoinist
