Spot Ether ETFs Witness Record Inflows: Ethereum Gains Momentum

Record Daily Inflows for Ether ETFs in the U.S.

Spot Ether exchange-traded funds (ETFs) in the United States experienced record-breaking inflows of $332.9 million in a single day. According to Farside data, this milestone surpassed the previous peak of $295.5 million, set on November 11, by $37.4 million. The surge reflects heightened investor interest in Ether-based ETFs.

BlackRock Leads the Inflow Surge

BlackRock, the world’s largest asset manager, was a key contributor to this historic inflow, accounting for $250.4 million on November 29. Since its launch on July 23, BlackRock’s iShares Ethereum Trust (ETHA) has attracted over $2 billion in investments, according to Nate Geraci, president of the ETF Store.

Ether ETFs Outperform Bitcoin ETFs

On the same day, Ether ETFs outpaced Bitcoin ETFs in daily inflows for the first time. Spot Bitcoin ETFs recorded $320 million in inflows, slightly less than Ether’s $332.9 million. Crypto commentator Ethereum Vibin highlighted this shift, calling it a significant moment in the cryptocurrency market.

Growing Wall Street Interest in Ether ETFs

Felix Hartmann, founder of Hartmann Capital, attributed the inflows to Wall Street’s increasing participation in what he termed the “alt rotation.” He noted that Ether ETFs experienced their highest single-day inflow since their inception, signaling a shift in market dynamics.

Broader Trends in Ether and Bitcoin ETFs

From November 22 to November 27, Ether ETFs saw net inflows of $224.9 million, far exceeding Bitcoin ETFs’ $35.2 million, which suffered outflows on November 25. This trend underscores Ether’s growing appeal among institutional investors.

Ethereum Reclaims Top Position in Tether Supply

Ethereum Surpasses Tron in USDT Supply

Ethereum has regained its status as the leading blockchain for Tether (USDT), overtaking Tron with a supply of $60.3 billion. This achievement marks Ethereum’s return to dominance for the first time since August 2022. Over the past week, Ethereum’s USDT supply increased by 9.3%, while Tron’s supply declined by 1.5% to $58.1 billion.

Implications for the Crypto Market

The total USDT supply has reached a record $132.9 billion, signaling bullish momentum for the cryptocurrency market. Stablecoins like Tether play a vital role in providing liquidity and facilitating capital flows.

Adoption Across Blockchains

Ethereum’s popularity stems from its adoption by financial institutions for tokenizing US dollar-backed assets. Meanwhile, Tron remains favored in high-inflation regions due to its low fees and fast transaction speeds. On November 23, Tether minted $2 billion USDT on Ethereum, doubling Tron’s $1 billion issuance. Other blockchains in the USDT rankings include BNB Chain ($4.58 billion), Arbitrum ($3.09 billion), and Avalanche ($1.31 billion).

Positive Sentiment Boosts Ethereum’s Prospects

Amid these developments, Ethereum’s decentralized finance (DeFi) ecosystem achieved a legal victory in a U.S. court, boosting investor confidence. Crypto trader Pentoshi remarked that market flows are gaining traction, with sellers being absorbed, indicating stronger market fundamentals.

Ethereum’s dominance in ETFs and stablecoin supply reaffirms its central role in the evolving cryptocurrency landscape.