Ether ETFs Hit Record-Breaking Inflows Amid Market Surge

The U.S. spot Ether ETFs saw record-breaking inflows as Ether surged alongside a broader crypto market rally following Donald Trump’s election win. Data reveals that Ether ETFs collectively pulled in $294.9 million on Nov. 11, marking their highest single-day inflow since their July launch.

Ether ETFs See Historic Inflows

The Fidelity Ethereum Fund (FETH) led the surge, attracting $115.5 million, while BlackRock’s iShares Ethereum Trust ETF (ETHA) followed closely with $100.5 million in new investments, according to early data from Farside Investors and Tree News.

The latest spike outpaced previous records, with the launch day on July 23 bringing in a then-record $106.6 million. Grayscale’s Ethereum Mini Trust ETF also drew considerable interest, with $63.3 million in new inflows, and Bitwise’s Ethereum ETF posted $15.6 million. Notably, no other U.S. spot Ether ETF received any new funds on this historic day, underscoring the continued dominance of a few top players in this emerging investment category.

Broader Market Surge

Ether’s own rally has mirrored the strong inflows, climbing to a 14-week high of $3,384 on Nov. 11, representing an 8.4% gain. This is part of a broader market uptrend that has seen major cryptocurrencies like Bitcoin and Solana pull ahead in the current bull cycle. Ether, which has lagged for much of this cycle, is now gaining renewed momentum in the wake of a strong market sentiment, according to Rachael Lucas, a crypto analyst at BTC Markets.

Lucas noted that after a slower start, Ether is “catching a bid,” with its market dynamics signaling growth potential. She also pointed to Ether staking returns, which could draw further interest from traditional investors, as a supportive factor for Ether’s long-term outlook.

Future Prospects

Beyond the market rally, expectations for a pro-crypto Trump administration have fueled optimism about a favorable regulatory environment, especially for blockchain technology. CK Zheng, co-founder of ZX Squared Capital, anticipates that an administration open to blockchain and digital finance could accelerate Ether’s rise, particularly benefiting both Ether and Solana.

Since their introduction in July, U.S. spot Ether ETFs have accumulated close to $3.1 billion in inflows, solidifying their place in the crypto investment space. BlackRock’s ETHA leads the pack with over $1.5 billion in inflows, reflecting investor interest in regulated and transparent access to Ethereum’s potential.