Spot Ethereum ETFs in the United States hit a remarkable milestone on November 29, recording their highest-ever daily inflows of $332.9 million across nine ETF products. This surge surpassed the previous record of $295.5 million set earlier this month, highlighting growing investor interest in Ethereum-based investment vehicles.
Leading asset manager BlackRock dominated the inflow statistics, contributing $250.4 million to the total. The firm's iShares Ethereum Trust (ETHA) has now accumulated over $2 billion in inflows since its July launch, demonstrating strong institutional appetite for regulated Ethereum exposure.
The robust ETF performance coincides with Ethereum's price appreciation, as the cryptocurrency trades around $3,662, marking a 1.88% increase over the previous day. Market analysts suggest this could indicate a broader shift in investor sentiment toward Ethereum-based products.
Crypto trader Pentoshi noted on social media platform X that early signs of increasing flows into ETH are becoming apparent, with sellers gradually being absorbed by growing demand.
This surge in Ethereum ETF interest comes as the cryptocurrency market continues to evolve, with institutional investors seeking regulated ways to gain exposure to digital assets. The strong performance of Ether ETFs suggests a possible rotation of capital from Bitcoin-focused products to Ethereum-based investment vehicles.
The development represents a notable shift in the cryptocurrency investment landscape, as institutional investors increasingly diversify their digital asset exposure beyond Bitcoin through regulated financial products.