Ethereum ETFs Hit Record $295M Inflows: A New Milestone in Crypto History

The cryptocurrency market witnessed a remarkable milestone as Ethereum ETFs reached unprecedented heights in investment volume. Indeed, spot ETH ETFs attracted an impressive $513 million within just four trading days following the recent U.S. presidential election. Furthermore, daily trading volumes soared to a staggering $912.9 million, highlighting growing investor confidence. Let’s explore more about Ethereum ETFs Hit Record $295M Inflows news.

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Breaking Records in the ETH Market

Monday marked a historic moment for U.S. spot Ethereum ETFs, as they accumulated $295.5 million in inflows – more than doubling their previous record. Notably, Fidelity’s Ethereum ETF emerged as the frontrunner, securing $115.5 million in investments. Meanwhile, BlackRock’s ETHA followed closely behind with $101.1 million, while Grayscale and Bitwise also recorded significant gains.

Ethereum ETFs Hit Record $295M Inflows: The DeFi Connection

According to BTCMarkets analyst Rachael Lucas, the recent rally in DeFi tokens, particularly in platforms like Aave and Uniswap, suggests growing confidence in Ethereum’s ecosystem. This surge in DeFi activity could potentially drive even greater interest in Ethereum ETFs moving forward.

Market Impact and Current Status

Currently, Ethereum ETFs collectively manage an impressive $9.7 billion, representing approximately 2.4% of Ethereum’s total market capitalization. Additionally, Ethereum’s price has shown strong momentum, climbing 7.3% to reach $3,367. This growth demonstrates the increasing mainstream acceptance of cryptocurrency investments.

Bitcoin ETF Performance

The success story extends beyond Ethereum, as spot Bitcoin ETFs also displayed robust performance. Specifically, these funds added $1.1 billion on Monday alone, with BlackRock’s IBIT leading the charge. Moreover, the cumulative inflows for Bitcoin ETFs have now reached an impressive $26.9 billion, underlining the growing institutional interest in cryptocurrency investments.