Spot ETH ETF Hit Highest Daily Inflow: BlackRock Leads the Surge

Spot ETH ETF Inflows Surge: BlackRock and Fidelity Lead the Market

The cryptocurrency market witnessed a historic milestone on November 29, as the Spot ETH ETF recorded its highest-ever inflow of $333 million, surpassing Bitcoin spot ETFs for the first time. This surge in spot Ethereum ETF inflow signals growing investor interest in Ethereum-focused exchange-traded funds. The BlackRock Ethereum ETF, named ETHA, led the charge with a single-day inflow of $250 million, cementing its position as one of the best Ethereum ETFs available today.

Source: SoSoValue

BlackRock Leads the Spot Ethereum ETF Surge

The Ethereum ETF BlackRock has been a key driver of growth, with its cumulative net inflow reaching an impressive $2.103 billion. On November 29, ETHA's market price stood at $27.19, with total net assets valued at $2.50 billion, accounting for 0.58% of the Ethereum market cap. 

Other notable players in the Ethereum ETF list included the Fidelity Ethereum Fund (FETH), which recorded a $79.1 million inflow on the same day. FETH's cumulative inflows now stand at $824.23 million, with net assets worth $952.33 million, representing 0.22% of Ethereum's market share.

Spot Ethereum ETF Price and Market Impact

As inflows into spot Ether ETFs reached record levels, Ethereum's market performance mirrored the bullish sentiment. At the time of writing, the spot Ethereum ETF price had driven investor confidence, pushing Ethereum’s price to $3,706.32, a 4.0% intraday surge. The overall Ethereum market cap climbed to $445.21 billion, with a 24-hour trading volume of $32.41 billion.

The rise in Spot Ethereum ETF inflows highlights a shift in investor focus towards regulated and accessible crypto investment products. With Fidelity Ethereum Fund and BlackRock ETHA setting benchmarks, the demand for Ethereum-backed ETFs is poised to grow further, strengthening the asset’s position in institutional portfolios.