Key Points
- U.S. spot Ethereum ETFs achieved unprecedented single-day inflows of $333 million on Friday, with BlackRock’s ETHA fund leading the surge by capturing $250 million in new investments amid a 40% price rally in Ethereum over the past month.
- The total value held across Ethereum ETFs has reached an all-time high of $11 billion, with Grayscale maintaining market dominance by holding over half of the total assets under management through its ETHE and ETH funds.
Record-Breaking Inflows Signal Growing Institutional Interest
Following the Thanksgiving holiday closure, U.S.-based spot Ethereum ETFs demonstrated remarkable momentum, achieving their highest single-day inflows since their July inception. The Friday trading session saw approximately $333 million in new investments, surpassing the previous record of $295.5 million set on November 10. This surge in institutional interest coincides with Ethereum’s strong market performance, as the cryptocurrency’s value approached $3,700.
BlackRock and Fidelity Lead the Charge
The day’s exceptional performance was primarily driven by two major players in the ETF space. BlackRock’s ETHA emerged as the dominant force, attracting over $250 million in new investments, while Fidelity’s FETH secured approximately $79 million. Grayscale’s ETH fund made a modest contribution with $3.4 million in inflows, while other funds showed minimal activity.
Market Distribution and Asset Holdings
The Ethereum ETF landscape now boasts a collective valuation exceeding $11 billion, marking a significant milestone in the cryptocurrency investment sector. Grayscale maintains its market leadership position, managing $6.91 billion across its two funds – $5.37 billion in ETHE and $1.54 billion in its ETH fund. BlackRock has established itself as a strong competitor with $2.10 billion in assets under management through ETHA, while Fidelity’s FETH holds approximately $952.33 million. This distribution reflects the evolving competitive dynamics in the institutional cryptocurrency investment space, as traditional financial powerhouses continue to expand their presence in digital asset markets.
