Emily Walker
In the United States, spot Ethereum ETFs have shown remarkable growth, achieving their tenth straight day of positive inflows as they wrap up the week. This surge in interest indicates a rising optimism among investors, particularly following the latest US presidential elections.
This inflow streak sets a promising tone for December for these Ethereum ETFs, which have been craving sustained capital growth. Notably, this positive trend has also positively influenced Ethereum’s market price, with ETH surpassing $4,000 for the first time since March 2024.
Ethereum ETFs Experience Notable Trading Activity
Recent statistics from SoSoValue reveal that the U.S. Ethereum ETF sector had a net inflow of $83.3 million on Friday, December 6. This marks the ETFs’ longest streak of inflows since they began trading in July 2024.
A significant portion of this growth can be attributed to Fidelity’s Ethereum Fund (FETH), which led the way with approximately $47.9 million in new investments on Friday.
Following closely was BlackRock’s iShares Ethereum Trust (ETHA), attracting over $34.56 million. The Grayscale Ethereum Mini Trust (ETH) and Bitwise Ethereum ETF (ETHW) contributed $22.9 million and $13.45 million, respectively.
Conversely, the Grayscale Ethereum Trust (ETHE) and 21Shares Core Ethereum ETF (CETH) experienced outflows of $29.59 million and $6.9 million, respectively.
This single-day inflow of $83.3 million boosts the total net inflow for the week to over $836.69 million, making it the most successful week for the Ethereum ETFs since their inception. This figure significantly surpasses the previous record of $515 million from mid-November.
Additionally, Friday recorded the fourth-highest trading volume day for these ETFs since their launch, with a total of $992.52 million traded that day.
Current Ethereum Pricing Overview
Presently, ETH is priced around $4,000, representing a slight decline of 0.4% in the past 24 hours. However, over a longer period, Ethereum has shown a robust increase, appreciating by over 10% in the past week.