Spot Ethereum ETFs Outperform Bitcoin Rivals In Past Four Days As ETH Surges 6%

Inflows
into
spot
Ethereum
ETFs
have
outpaced
their
Bitcoin
ETF
rivals
in
the
past
four
trading
days
as
Ethereum’s
price
climbs
6%
this
week
amid
growing
investor
optimism
about
the
biggest
altcoin.

Spot
Ethereum
ETFs
recorded
net
inflows
of
$224.9
million
over
the
past
four
days,
while
their
Bitcoin
counterparts
registered
total
net
inflows
of
just
$35.2
million
over
the
same
period,
according
to
data
from


Farside
Investors.

BlackRock’s
ETHA
Leads
Spot
Ethereum
ETFs
In
4-Day
Inflow
Streak

A
handful
of
the
US


ETH

investment
products
are
responsible
for
the
latest
inflows
into
spot
Ethereum
ETFs
since
Friday.
Leading
the
charge
is
ETHA,
the
fund
belonging
to
asset
management
giant
BlackRock. 

In
the
last
4
days,
BlackRock’s
ETH
ETF
has
recorded
net
inflows
of
149.8
million.
The
fund’s
biggest
day
was
on
Nov.
22,
when
$99.7
million
entered
its
reserves.
Meanwhile,
Fidelity’s
FETH,
Bitwise’s
ETHW,
Grayscale’s
ETH,
and
VanEck’s
ETHV
all
recorded
net
inflows
over
the
past
4
days. 

Ethereum
ETF
Flow
(US$
million)
–
2024-11-27

TOTAL
NET
FLOW:
90.1

ETHA:
0
FETH:
38
ETHW:
1.6
CETH:
0
ETHV:
13.2
QETH:
0
EZET:
0
ETHE:
0
ETH:
37.3

For
all
the
data
&
disclaimers
visit:https://t.co/FppgUwAthD

—
Farside
Investors
(@FarsideUK)

November
28,
2024

21Share’s
CETH,
Invesco’s
QETH,
and
Grayscale’s
ETH
all
recorded
net
outflows
over
the
same
period,
while
Franklin’s
EZET
registered
no
new
flows.

ETH
Boosted
By
Tornado
Cash
Ruling
–
10X
Research 

The
strong
spot


ETH

ETF
inflows
come
during
a
surge
in
Ethereum’s
price.
CoinMarketCap


data

shows
ETH
is
trading
at
$3,569.72
as
of
2:51
a.m.
EST
following
a
more
than
6%
surge
in
the
altcoin’s
price
over
the
last
week.
Bitcoin’s
fallen
almost
3%
over
the
same
period.

10X
Research
founder
Markus
Thielen
said
the
rise
in
the
Ethereum
price
to
above
the
$3.5K
mark
was
given
a
boost
by
Tornado
Cash’s
recent
court
victory. 

“As
Ethereum
remains
the
leading
blockchain
for
DeFi,
this
decision
is
viewed
positively
for
the
broader
DeFi
ecosystem
and
other
protocols,
particularly
on
the
Ethereum
network,”
said
founder
Markus
Thielen,
founder
of
10X
Research.
“This
could
have
enormous
implications.”

Reports
that
crypto
advocate
Paul
Atkins
could
replace
the
anti-crypto
and
outgoing
US
SEC
Chair
Gary
Gensler
have
also
contributed
to
the
positive
sentiment
around
ETH,
which
currently
lacks
legal
clarity
from
the
regulator
regarding
its
securities
status.

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