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    Vijay Gir is a Certified Blockchain Expert with over 8 years of experience in the blockchain industry. He has a deep passion for sharing his knowledge of blockchain, cryptocurrency, and web3 technologies. For the past 7 years, Vijay has been dedicated to writing about these transformative topics, helping others stay informed and understand the evolving landscape of decentralized technologies.

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    Spot Ethereum ETFs Beat Bitcoin with Record $332M Inflows: What’s the Better Choice?

    Story Highlights
    • Spot Ether ETFs attracted a massive $332.92 million in daily inflows on November 29th, surpassing Bitcoin ETFs.

    • BlackRock's ETHA led the charge, attracting roughly $250 million, solidifying its position as a favorite among investors.

    • This surge in Ether ETF inflows indicates a growing investor interest in Ethereum.

    Crypto investors are certainly making some bold moves, shifting their focus to spot Ether ETFs and showing increasing confidence in Ethereumโ€™s potential. On November 29, spot Ether ETFs saw an incredible $332.92 million in daily inflows, overtaking Bitcoin ETFs for the first timeโ€”and by a wide margin.

    Why now? Will Ethereum finally catch up to Bitcoin and not just be “second best”? Let’s dive into the details.

    BlackRock Leads the Ether ETF Surge

    Hereโ€™s the standout detail: only three of the nine active Ether ETFs drove this massive inflow. At the forefront was BlackRockโ€™s iShares Ethereum Trust (ETHA), which alone brought in $250 million. Since launching in July, ETHA has accumulated over $2 billion, solidifying its position as a favorite among investors.

    Fidelityโ€™s FETH followed with $79 million, while Grayscale added $3.4 million. Though smaller in comparison to ETHA, these contributions show a growing institutional interest in Ethereum.

    Ethereum Price Shows Strength

    Ethereumโ€™s price is holding steady at $3,695, reflecting a 3.79% gain in the last 24 hours. Trading volume has also risen by more than 11%, suggesting strong market activity. While the price is still about 24% below its all-time high of $4,891 from 2021, analysts believe breaking the $3,730 resistance level could pave the way for further gains.

    Bitcoin ETFs Take a Back Seat

    For once, Bitcoin wasnโ€™t the center of attention. Spot Bitcoin ETFs recorded $320 million in inflows on the same dayโ€”a strong showing but not enough to outshine Etherโ€™s performance. Interestingly, only six out of twelve Bitcoin ETFs posted inflows. Maybe the tide is changing?

    Over the past week, Ether ETFs have been quietly dominating. Between November 22 and 27, they raked in nearly $225 million, while Bitcoin ETFs only managed $35 million, mostly because of a big outflow on November 25.

    Ethereum All Set to Dominate

    The growing inflows into Ether ETFs signal that investors are increasingly optimistic about Ethereumโ€™s prospects. Whether itโ€™s the recent price action or excitement around its expanding use cases, Ether seems to be stepping out of Bitcoinโ€™s shadow.

    Keep your eyes closely peeled on Ethereum and don’t miss out on the opportunity!

    FAQs

    What is Ethereum’s current price, and is it gaining?

    Ethereum is trading at $3,695, up 3.79% in 24 hours. Breaking $3,730 resistance could push it closer to its 2021 peak of $4,891.

    Why are institutional investors favoring Ethereum?

    Ethereumโ€™s expanding use cases, scalability, and ETF success show growing trust in its potential to rival Bitcoin in market dominance.

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