The Ethereum spot ETF achieved its highest inflow period last week, marking a positive signal for investors.
Largest Inflow of the Week
The week ending Friday, November 15, saw the ETH spot ETF record a total net inflow of $515.17 million, over three times more than the previous record.
Consecutive Global Records
It is crucial to note that last week’s inflow marks the second consecutive period that the Ethereum spot ETF recorded new milestones. Prior to the latest record, Soso Value data showed that the novel financial product attracted $154.66 million in inflows in the previous week.
Impact on ETH Value
The spot ETH ETF accumulated $9.15 billion in total net assets, adding $880 million from the previous week. However, the increase in spot Ethereum ETF inflow did not cause a matching rise in ETH’s value. Soso Value’s data reveals a minor increase in Ethereum’s price, with the crypto token rising from $2,961 the previous week to $3,090 in the week under review.
Though the inflow to the Ethereum spot ETF reached record levels, the value of ETH showed only a slight increase.
