Ethereum outpaces Bitcoin in daily net flows for spot ETFs @Ethereum
Ethereum spot ETFs mark a historic milestone with a $332.92 million daily inflow, surpassing Bitcoin ETFs amid the ETH price surge.
The latest data from sosovalue reveals that Ethereum spot ETFs have recorded $332.92 million in daily net inflows as of Nov. 29, outpacing Bitcoin spot ETFs’ $320.01 million for the first time since inception.
This development coincides with Ethereum’s price surge of over 3% in the last 24 hours, while Bitcoin showed minimal movement during the same period
The first spot Ethereum ETFs in the U.S. began trading on July 23. These ETFs, approved by the U.S. Securities and Exchange Commission, include products from well-known financial institutions like BlackRock, Fidelity and Grayscale, among others. They provide investors exposure to Ethereum’s price without needing to directly hold the cryptocurrency.