The US Spot Ether exchange-traded fund just recorded its biggest day of inflows in history, resulting in the ninth consecutive business day of positive inflows for the rising cryptocurrency.
The US 9 Spot Ether ETF had total inflows of $431.5 million on December 5th. According to to spare Data from Farside Investors and decentralized news aggregator Tree News.
This is the largest single-day inflow since the fund was established on July 23rd, surpassing the $333 million recorded on November 29th. The Ether (ETH) ETF has recorded net positive gains every day since November 21st, accumulating more than $1.3 billion to date. About the past two weeks.
This massive inflow day brought total net inflows to over $1 billion, a number that is steadily increasing now that Grayscale Ethereum Trust (ETHE) outflows have slowed.
BlackRock iShares Ethereum Trust (ETHA) accounted for the majority of the day's inflows, setting a record for the day with $295.7 million, bringing total inflows to $2.3 billion.
Fidelity's Ethereum Fund (FETH) had $113.6 million in inflows on the day, Grayscale's Ethereum Mini Trust (ETH) had $30.7 million, and Bitwise Ethereum ETF (ETHW) had $6.6 million. was recorded.
Grayscale Ethereum Trust (ETHE) recorded $15.1 million in outflows, while the remaining funds recorded zero outflows.
sauce: Anthony Sasano
Meanwhile, the US Spot Bitcoin (BTC) ETF continues to show solid momentum, with net inflows of $747.8 million across 11 funds as of December 5th.
Grayscale Bitcoin Trust (GBTC) had an outflow of $148.8 million, while BlackRock iShares Bitcoin Trust (IBIT) accounted for the lion's share with an inflow of $751.6 million. According to Go to the coin glass.
The BlackRock ETF has seen approximately $2.5 billion in inflows over the past five business days, bringing total inflows since its inception to a whopping $34 billion.
Related: Spot ETH ETF records highest daily inflow: “Alt-rotation has begun”
Spot ETH prices have increased by 16% over the past two weeks, leading to increased inflows into Ether ETFs.
The asset hit an eight-month high of $3,946 on December 5, according to CoinGecko.
Analysts say the strength of Ether relative to Bitcoin, or the ETH/BTC ratio, “should rise further” over the next six to 12 months after a period of weakness.
This ratio is currently 0.04 and has increased by 14.5% over the past month. According to Go to TradingView.
magazine: “China’s MicroStrategy” Meitu sells all Bitcoin and Ethereum: Asia Express
