Ethereum (ETH) exchange-traded funds (ETF) experienced $295.5 million in inflows on November 11th, their highest daily positive net flow since launch. This puts them $29 million away from positive net flows. Data from Farside Investors shows that Fidelity’s CONQUEST and BlackRock’s ETHA led the inflows.
Grayscale’s Ethereum Mini Trust saw the third highest inflows. The notable performance of these Eth ETFs is highlighted by Bloomberg senior ETF analyst Eric Balchunas, who points out that Grayscale’s Ethereum Trust did not register any outflows for the past six days, a sign that ETHE’s unlocks are over.
While these Eth ETFs still lag behind Bitcoin (BTC) ETFs, their individual performance is noteworthy. Furthermore, institutional support is fueling the growth of ETH ETFs, with over $500 million in inflows over four days post-US election results due to increasing institutional adoption.
