A Turning Point in Ethereum: ETF Data Hits All-Time High Record

US spot Ethereum ETFs saw their highest single-day inflows to date on Friday, raising around $333 million. The surge comes after the Thanksgiving market close and amid Ethereum’s impressive month-long rally, with prices now approaching $3,700. Friday’s inflows pushed the total value of Ethereum held by ETFs to an all-time high of over $11 billion, according to SoSoValue data. Record inflows were driven primarily by two major funds: BlackRock's ETHA ETF: Had its strongest day ever with inflows of over $250 million. Fidelity's FETH ETF: Followed with approximately $79 million in inflows. Grayscale’s Ethereum-focused fund also posted modest gains of $3.4 million, while other ETFs saw minimal changes. Related News: Hong Kong Officials Announce Major Development for the Cryptocurrency Market to be Announced by the End of the Year Ethereum has seen a 40% price increase in the past month, boosting investor confidence. The funds’ combined net asset value has surpassed the previous peak set earlier this month. BlackRock’s ETHA leads the way with $2.10 billion in assets, while Grayscale continues to dominate the sector with $5.37 billion and $1.54 billion in ETHE and ETH funds, respectively. Fidelity’s FETH comes in fourth with a net asset value of $952.33 million. Friday’s inflows surpassed the previous daily record of $295.5 million set on Nov. 10 and far surpassed the $106.8 million raised when the ETFs launch in July 2024. The funds also pushed their total net asset value above $10 billion for the first time since July. *This is not investment advice. Continue Reading: A Turning Point in Ethereum: ETF Data Hits All-Time High Record