Key Points
- U.S. spot Ethereum ETFs have achieved their longest-ever inflow streak of ten consecutive days, with Friday alone bringing in $83.8 million, led by Fidelity’s FETH which contributed nearly half of the day’s inflows.
- The surge coincides with Ethereum’s price exceeding $4,000 and record-breaking weekly inflows of $836.7 million, while Bitcoin ETFs simultaneously maintain a seven-day positive inflow streak totaling over $3 billion.
ETH ETFs Set New Records Amid Price Rally
U.S.-based spot Ethereum exchange-traded funds have marked their longest positive inflow streak since their July launch, with ten consecutive days of net inflows. Friday’s trading saw $83.8 million in new investments, with Fidelity’s FETH leading the charge by contributing $47.9 million. The day’s total trading volume reached $992 million, marking the fourth-highest volume day since the funds’ inception and the second-highest non-launch week trading day.
Weekly Performance Shatters Previous Records
The funds achieved their highest weekly inflow to date, with $836.7 million flowing in last week – a 62% increase over the previous record of $515.2 million set in mid-November. BlackRock’s ETHA emerged as the top performer, accumulating approximately $520 million worth of ether in the past week, while Fidelity’s FETH added nearly $276 million in net inflows.
Market Impact and Broader Crypto Landscape
The strong ETF performance coincides with significant market movements, as Ethereum’s price surpassed $4,000, representing a 3% increase over 24 hours. November saw Ethereum achieve its highest monthly on-chain volume since December 2021, nearly doubling January’s figures. This surge has positively impacted the NFT market, with several top projects experiencing double-digit percentage gains. Simultaneously, Bitcoin ETFs have maintained their own success story, recording seven consecutive days of positive inflows totaling over $3 billion since November 27, with their combined assets now exceeding the estimated holdings of Bitcoin’s creator, Satoshi Nakamoto.
