Ethereum ETFs Break Record with $295M in Inflows Amid Crypto Rally

Ethereum’s momentum is gaining traction as U.S. spot Ethereum exchange-traded funds (ETFs) experienced their largest-ever inflows on November 11, marking a milestone in the growing institutional interest in digital assets. The total inflows across all U.S. Ethereum ETFs reached $294.9 million, easily surpassing the previous record of $106.6 million set on launch day.
The surge in inflows coincided with a notable rally in Ether (ETH), which soared 8.4% to hit a 14-week high of $3,384. This surge aligns with the broader market's strong performance, which has seen many digital assets, including Bitcoin and Solana, surge in value following Donald Trump’s victory in the 2024 U.S. presidential election.
Fidelity Leads the Way with Record Inflows
The Fidelity Ethereum Fund (FETH) topped the inflow charts, drawing $115.5 million — a record for the fund. It was followed by BlackRock’s iShares Ethereum Trust ETF (ETHA), which garnered $100.5 million in inflows. The Grayscale Ethereum Mini Trust ETF (ETH) saw $63.3 million in inflows, while Bitwise’s Ethereum ETF (ETHW) captured $15.6 million.
These strong inflows mark a shift in Ethereum’s performance relative to other leading digital assets. Bitcoin (BTC), Solana (SOL), and other cryptocurrencies have outpaced Ethereum for much of this bull cycle, but analysts are now noting that Ether is starting to catch up, driven by rising demand from institutional investors.
Ethereum’s Catch-Up Rally
Despite Ether’s recent rally, analysts note that it has been playing catch-up compared to Bitcoin and Solana, both of which have outperformed Ethereum in this cycle. Rachael Lucas, a crypto analyst at BTC Markets, pointed out that while Ethereum was a "laggard" earlier in the cycle, it is now showing renewed interest, especially with the launch of spot Ether ETFs.
Lucas also highlighted the appeal of Ether staking, which could provide attractive returns for investors looking to participate in Ethereum’s ecosystem. However, she pointed out that staking rewards are not accessible through U.S. spot Ether ETFs, which may lead investors to look for other ways to gain exposure to Ethereum's potential.
The Impact of a Pro-Crypto U.S. Government
Looking ahead, CK Zheng, founder of ZX Squared Capital, believes that Ethereum could benefit further from a pro-crypto administration under Trump, which might prioritize blockchain technology and accelerate digitalization in the financial industry.
“ETH and SOL are likely to perform well if the new administration actively promotes blockchain adoption,” Zheng said, pointing to the supportive regulatory environment that could boost the prospects for Ethereum and other leading blockchain projects.
US Spot Ether ETFs See $3.1 Billion in Inflows
Since launching in July 2024, U.S. spot Ether ETFs have accumulated nearly $3.1 billion in total inflows, excluding the significant outflows from Grayscale’s Ethereum Trust (ETHE), which has faced a loss of $3.125 billion. Among the ETFs, BlackRock’s ETHA leads with over $1.5 billion in inflows, cementing its dominance in the market.
As the demand for Ether continues to rise and more institutional money flows into Ethereum, the growing interest in Ethereum ETFs signals increasing mainstream acceptance of Ether as a viable investment vehicle.
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