Spot Ether ETFs See Record $332.9M Daily Inflows, Surpassing Bitcoin Funds

According to Farside data, $332.9 million flowed into the nine spot Ether (ETH) ETFs on Nov. 29, surpassing the previous daily inflow record — $295.5 million reached on Nov. 11— by $37.4 million.

Spot Ether exchange-traded funds (ETFs) in the United States reached a new record for daily inflows on Nov. 29.

According to Farside data, $332.9 million flowed into the nine spot Ether ETH $3,698.94 ETFs on Nov. 29, surpassing the previous daily inflow record — $295.5 million reached on Nov. 11— by $37.4 million.

The majority of the daily inflows, amounting to $250.4 million, were directed towards BlackRock's iShares Ethereum Trust (ETHA), as highlighted by ETF Store president Nate Geraci in a Nov. 29 X post.

Coin🌗Glass at the time of writing shows that spot Ether ETFs saw $332.9 million in inflows on Nov. 29.

According to CoinMarketCap data, Ether is currently trading at $3,662, up 1.88% since Nov. 28.

Pseudonymous crypto trader Pentoshi stated in a Nov. 29 X post, “Now we have early signs of this happening in ETH, as the flows begin to finally pick up, and sellers begin to get absorbed. It only takes time.”

Several crypto commentators highlighted that the Ether ETF inflows on the day were higher than the spot Bitcoin BTC $96,954 ETFs, which saw inflows of $320 million.

According to Felix Hartmann, founder of Hartmann Capital, this signals that Wall Street is “officially joining the fun” on the “alt rotation.”

“BTC ETF flows have flipped negative for the first time in this bull. ETH ETF flows are still strong, but slowing down a bit,” crypto commentator Ethereum Vibin stated in an X post.

Spot Ether ETF sees green, despite BTC ETF having outflow days

This marks the first time that Ether ETFs recorded higher inflows on days when both spot Bitcoin and Ether ETFs saw inflows. However, it follows several recent days where spot Ether ETFs maintained positive inflow days while spot Bitcoin ETFs experienced outflows.

Related: Ether ETFs are beating their Bitcoin counterparts amid recent ETH rally

On Nov. 29, Cointelegraph reported that Ether ETFs saw more money from investors than their Bitcoin counterparts since Nov. 22, as Ether's decentralized finance (DeFi) ecosystem scored a key victory in a US court this week.

Spot Ether ETFs raked in $224.9 million in net inflows over the four trading days between Nov. 22-27, while spot Bitcoin ETFs saw a total of $35.2 million in net inflows thanks largely to a heavy day of outflows on Nov. 25.