Ether ETFs see $432M in inflows as crypto rally strengthens

Spot Ether (CRYPTO:ETH) exchange-traded funds (ETFs) in the United States have recorded a historic $432 million in inflows on December 5, marking the largest daily inflow since their launch in July.

According to data from Farside Investors and decentralised news aggregator Tree News, the nine Ether ETFs in the U.S. have experienced nine consecutive days of positive inflows, accumulating over $1.3 billion in the past two weeks.

The massive $432 million influx surpassed the previous record of $333 million set on November 29.

These funds have seen a steady rise since November 21, and the latest data reveals that the total net inflow into Ether ETFs has surpassed $1 billion.

The BlackRock iShares Ethereum Trust (ETHA) led the charge with a record $295.7 million inflow on December 5, bringing its total inflow to $2.3 billion.

Fidelity’s Ethereum Fund (FETH) saw $113.6 million flow in, while Grayscale’s Ethereum Mini Trust (ETH) recorded $30.7 million.

On the other hand, Grayscale’s Ethereum Trust (ETHE) had an outflow of $15.1 million.

The surge in Ether ETF inflows coincides with the price of Ether, which has risen 16% over the past two weeks, reaching an eight-month high of $3,946 on December 5.

This surge has increased the ETH/BTC ratio by 14.5% over the past month, with analysts predicting further gains in the next 6 to 12 months.

Meanwhile, spot Bitcoin (CRYPTO:BTC) ETFs also experienced strong momentum, with a net inflow of $747.8 million across 11 funds on the same day.

The BlackRock iShares Bitcoin Trust (IBIT) led with an inflow of $751.6 million.