Wednesday, July 23, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Spot Ethereum ETFs Surpass Single-Day Record With $333 Million Inflow — Details

by SB Crypto Guru News
December 1, 2024
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0


The US-based spot Ethereum ETFs (exchange-traded funds) have continued to shine after putting in a strong performance in the past week. After a period of significant outflows in recent weeks, the crypto products have received significant attention from investors in the United States.

As a result, the Ethereum ETFs ended the month of November, its best 30-day period since launch, on a positive note. This recent shift in investor sentiment was also reflected in the price of Ethereum, which has crossed the $3,500 mark for the first time since July 2024.

Ethereum ETFs Overtake Bitcoin’s In A Single Day For The First Time Ever

The latest market data from SoSoValue shows that the US-based spot Ethereum ETFs saw a total net inflow of $333 million on Friday, November 29. This represents the crypto exchange-traded funds’ best single-day performance since launch, surpassing the former record of $295 million set on November 11.

Breaking down the data; BlackRock’s ETH ETF (with the ticker ETHA) accounted for the majority of the capital inflow, registering an influx of $250 million on Friday. Coming in second place was Fidelity’s Ethereum Fund (with the ticker FETH), witnessing an inflow of nearly $80 million to close the week.

Interestingly, Grayscale’s Ethereum Mini Trust (with the ticker ETH) also posted a daily inflow of $3.39 million on Friday. The other spot Ethereum ETFs in the US didn’t record any capital movement to close the last five-day period.

More notably, this single-day performance represents the fifth straight day of the Ethereum funds recording a net inflow. To kick off the week, the crypto products recorded a measly inflow of $2.83 million on Monday, November 25.

Ethereum ETFs

Source: SoSoValue

However, the inflows grew stronger as the week went on, with the spot Ethereum ETFs posting $40.6 million and $90.1 million on Tuesday and Wednesday, respectively. Cumulatively, these capital inflows put the weekly performance for the crypto products at $466 million, which just about falls short of the $515 million record.

Interestingly, the single-day inflow record of $332 million is the first time in history that the Ethereum ETFs’ performance would surpass that of their Bitcoin counterparts. According to data from SoSoValue, the spot Bitcoin exchange-traded funds registered a total net inflow of $320 million.

Ethereum Price At A Glance

As of this writing, the price of Ethereum is hovering around the $3,700 level, with a 3% increase in the last 24 hours. The altcoin’s performance is more remarkable on the weekly timeframe. According to data from CoinGecko, the second-largest cryptocurrency is up by almost 8% in the past seven days.

Ethereum ETFs

The price of Ethereum on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image created by DALL-E, chart from TradingView



Source link

Tags: Bitcoin NewsCrypto NewsCrypto UpdatesDetailsETFsethereumInflowLatest News on CryptoMillionrecordSB Crypto Guru NewsSingleDaySpotSurpass
Previous Post

Analyst Says Dogecoin Parabolic Rally Will Test Your Patience, Sees Bitcoin Surging Amid Calls for Pullback

Next Post

The Tools Every Entrepreneur Needs and No Subscriptions Required for Cyber Monday

Related Posts

Solana Surges Above 0, Token6900 Meme Coin Raises M in Presale, and Polymarket Returns to the US

Solana Surges Above $200, Token6900 Meme Coin Raises $1M in Presale, and Polymarket Returns to the US

by SB Crypto Guru News
July 23, 2025
0

Live Best Meme Coins Updates Today: Solana Surges Above...

US Senators Unveil Draft Bill to Overhaul Crypto Regulation Framework

US Senators Unveil Draft Bill to Overhaul Crypto Regulation Framework

by SB Crypto Guru News
July 23, 2025
0

A sweeping Senate draft bill sets the stage for overhauling U.S. crypto regulation, proposing clear classifications, limited SEC oversight, and...

Kraken’s Co-Founder Jesse Powell Cleared of Hacking Charges After FBI Investigation

Kraken’s Co-Founder Jesse Powell Cleared of Hacking Charges After FBI Investigation

by SB Crypto Guru News
July 22, 2025
0

The FBI ended its investigation into Jesse Powell over alleged hacking of a nonprofit. Powell faces no criminal charges, and...

5K Bitcoin Incoming? Polymarket Crowd Thinks It’s Likely

$125K Bitcoin Incoming? Polymarket Crowd Thinks It’s Likely

by SB Crypto Guru News
July 22, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Traders on a decentralized platform are putting...

Strategy Launches Stock Designed to Fund Bitcoin Plans

Strategy Launches Stock Designed to Fund Bitcoin Plans

by SB Crypto Guru News
July 22, 2025
0

Enjoyed this article? Share it with your friends! The company with the largest Bitcoin BTC $118,370.31 holdings, Strategy, has introduced...

Load More
Next Post
The Tools Every Entrepreneur Needs and No Subscriptions Required for Cyber Monday

The Tools Every Entrepreneur Needs and No Subscriptions Required for Cyber Monday

Trump and his sons will receive at least  million after Justin Sun’s investment into World Liberty tokens

Trump and his sons will receive at least $15 million after Justin Sun’s investment into World Liberty tokens

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.