Ethereum ETFs Hit Record $295 Million in Capital , Bitcoin ETF Attracts $1.1 Billion

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Tap Chi Bitcoin
3 days ago
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On Monday, the Ethereum ETFs recorded the largest net inflow in history with $295.5 million, double the previous record of $106 million on the first day of launch.

The capital mainly came from Fidelity's Ether ETF, with $115.5 million, according to data from SoSoValue. This was followed by BlackRock's ETHA ETF with $101.1 million, Grayscale Mini Ethereum Trust attracting $63.3 million, and Bitwise's ETHW recording a $15.6 million inflow.

In the four trading days after Donald Trump's victory in the presidential election, the Ethereum ETFs have accumulated a total of $513 million in net capital inflows.

Also on Monday, the trading volume of the Ethereum ETFs reached a record high of $912.9 million, surpassing the $469.1 million on the previous Friday and far exceeding the normal trading range of $100 million to $200 million.

Rachael Lucas, an analyst at BTCMarkets, commented: "The prospect of a more flexible regulatory framework has alleviated investor concerns, opening up a more favorable environment for Ethereum and DeFi assets." If this positive sentiment continues, capital inflows into Ethereum ETFs may continue to increase as institutional investors prepare for upcoming regulatory changes.

Lucas also said the strong recovery of DeFi tokens like Aave, Uniswap and Lido shows the market's growing confidence in the Ethereum ecosystem. "If the growth trend of DeFi tokens continues, this could drive increased interest and capital inflows into Ethereum ETFs, as they provide an indirect way to access the entire DeFi market," she said.

Currently, the total net assets of the nine Ethereum ETFs have reached $9.7 billion, accounting for about 2.4% of the total Ethereum market capitalization. However, these funds have recorded a net outflow of $41.3 million.

Meanwhile, the Bitcoin ETFs also witnessed strong net capital inflows, reaching $1.1 billion on Monday, marking the second time the inflows have exceeded $1 billion, after attracting $1.38 billion on November 7.

BlackRock's IBIT ETF led with $756.5 million, followed by $135 million into Fidelity's FBTC ETF and $108.6 million into Ark and 21Shares' ARKB ETF. Five other ETFs also recorded positive inflows on Monday.

The trading volume of the 12 Bitcoin ETFs reached $7.3 billion, the highest since March 14. The total net capital inflows of these funds have now reached $26.9 billion.

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Vuong Tien

According to The Block

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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