Ethereum

Million

ETF COIN

Daily

<ul class="wp-block-list news-points"><li>Ethereum spot ETFs recorded a total net inflow of $295 million on Monday.</li><li>Spiking inflow highlights growing ETH ETF adoption.</li><li>ETH has surged over 42% in the past seven days.</li></ul>Data from Soso Value show that Ethereum spot ETFs saw a total net inflow of $295 million on Monday, November 11. The two products with the largest inflows were Fidelity ETF (FETH), which had a $115 million daily inflow, and BlackRock’s ETHA, which had a $101 million inflow.<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img width="593" height="298" src="https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-58-07.jpg" alt="" class="wp-image-544076"></figure></div>Meanwhile, Soso Value’s data reveals Grayscale’s Ethereum ETF attracted a $63.32 million inflow, while Bitwise’s product, ETHW, had a $15.57 million inflow to complete the total inflow for the day.&nbsp;The high inflow rates in spot <a href="https://x.com/WuBlockchain/status/1856231363831312413" rel="noopener noreferrer nofollow">Ethereum ETF</a> products indicate growing adoption and capital moving into the cryptocurrency ecosystem last week. A bullish market shows that investors are returning and that new users are entering the crypto industry.Focusing on the specifics, Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a general surge in capital inflow. Ethereum’s market cap was $209.04 billion on November 5, the day of the U.S. presidential election. One week later,…The post <a href="https://coinedition.com/ethereum-etf-sets-new-record-with-295-million-daily-inflow-eth-price-surges/" rel="noopener noreferrer nofollow">Ethereum ETF Sets New Record With $295 Million Daily Inflow, ETH Price Surges</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum ETF Sets New Record With $295 Million Daily Inflow, ETH Price Surges

Coin Edition

Other articles published on Nov 12, 2024

Towards Glory: Lumoz OG NFT Event is Now Live!

Which Are The Best Cryptos To Buy Now In November 2024? Top 5 Picks for January 2025

Bitcoin’s Soaring Price, Pro-Crypto Election Wins, and a Promising Future: Key Highlights from To...

FTX's Nishad Singh Avoids Prison: Cooperation Earns Leniency Amid Crypto Collapse Fallout

Could Robinhood’s U.S.-Only Election Market Predict Results Better by Excluding Foreign Influence?

Is Bitcoin Set to Soar Even Higher?

Join our free newsletter for daily crypto updates!