US spot Ethereum ETFs saw their highest single-day inflows to date on Friday, raising around $333 million.
The surge comes after the Thanksgiving market close and amid Ethereum’s impressive month-long rally, with prices now approaching $3,700.
Friday’s inflows pushed the total value of Ethereum held by ETFs to an all-time high of over $11 billion, according to SoSoValue data.
Record inflows were driven primarily by two major funds:
- BlackRock's ETHA ETF: Had its strongest day ever with inflows of over $250 million.
- Fidelity's FETH ETF: Followed with approximately $79 million in inflows.
Grayscale’s Ethereum-focused fund also posted modest gains of $3.4 million, while other ETFs saw minimal changes.
Ethereum has seen a 40% price increase in the past month, boosting investor confidence. The funds’ combined net asset value has surpassed the previous peak set earlier this month. BlackRock’s ETHA leads the way with $2.10 billion in assets, while Grayscale continues to dominate the sector with $5.37 billion and $1.54 billion in ETHE and ETH funds, respectively. Fidelity’s FETH comes in fourth with a net asset value of $952.33 million.
Friday’s inflows surpassed the previous daily record of $295.5 million set on Nov. 10 and far surpassed the $106.8 million raised when the ETFs launch in July 2024. The funds also pushed their total net asset value above $10 billion for the first time since July.
*This is not investment advice.
