In the US stock markets, spot Ethereum ETFs hit a new daily inflow record on November 29, highlighting growing investor interest in the cryptocurrency market.
Major Inflows and BlackRock's Role
On November 29, spot Ethereum ETFs in the US attracted $332.9 million, surpassing the previous record of $295.5 million. The largest share, $250.4 million, came from BlackRock's iShares Ethereum Trust (ETHA).
Market Trends and Commentary
Ether (ETH) was trading at $3,662, up 1.88% since November 28. Market participants express optimism about the continuation of the current growth trend.
Comparison with Bitcoin ETFs
Notably, spot Ethereum ETFs have matched and surpassed their Bitcoin counterparts, attracting $320 million on the same day. This is the first occurrence where both assets show positive inflows for Ethereum ETFs while Bitcoin ETFs observed outflows on earlier days.
The record inflows into spot Ethereum ETFs highlight a continuing trend of increased cryptocurrency interest felt across all levels, from major asset managers to retail investors.
