The US Ethereum ETF saw a net inflow of US$295 million yesterday, setting a record since its listing

According to SoSoValue's data, the US Ethereum spot exchange-traded fund (ETF) recorded a net inflow of $295 million on Monday, setting a new single-day net inflow record. This exceeds the $106.7 million net inflow recorded on the day the ETFs were launched on July 23. Yesterday, the Ethereum spot ETF with the highest net inflow was Fidelity's FETH fund, with around $115 million, followed by BlackRock's ETHA with around $101 million. No Ethereum ETF recorded a net outflow yesterday. At the same time as the record net inflow into ETFs, the price of Ethereum (ETH) successfully closed above $3,300 yesterday. Since the US election day (November 6 Taiwan time), ETH has risen by nearly 40%. The market generally believes that the victory of crypto-friendly Trump and several US congressmen will bring a better legislative and regulatory environment for the crypto market. Fox reporter Eleanor Terrett revealed that Scott Bessent, a former Soros Fund Management portfolio manager, is Trump's top pick for Treasury Secretary, and that Bessent is very supportive of cryptocurrencies, especially Bitcoin.

Bitcoin ETF Net Inflow of $1.11 Billion

The US Bitcoin spot ETF recorded a net inflow of $1.11 billion yesterday, the second-highest single-day net inflow on record, second only to the $1.38 billion net inflow recorded on November 7. Yesterday, the Bitcoin spot ETF with the highest net inflow was BlackRock's IBIT fund, with around $756 million, followed by Fidelity's FBTC fund, with around $135 million.