The cryptocurrency market, in general, is experiencing positive days.
ETH remains firm above $3,000.
The ether ETFs (ETH), the Ethereum cryptocurrency, recorded a historic movement yesterday, November 11: in a single day, these funds received a net inflow of $295.5 million, marking a new record in the history of these financial instruments listed in the United States.
This capital flow represents more than double the previous record, which was 106 million dollars on the first day of operations of these funds.
The ETF that led the inflows was the Fidelity Ethereum Fund (FETH), managed by the renowned firm Fidelity, attracting $115 million.
It was closely followed by the iShares Ethereum Trust ETF (ETHA), managed by BlackRock, with a positive flow of $101 million.
In third place, Grayscale Ethereum Mini Trust (ETH) recorded $63 million in inflows, and Bitwise Ethereum ETF (ETHW) added $15 million to this growing ether investment trend, as the chart with Soso Value data.
This capital increase in Ethereum ETFs has intensified in recent days, coinciding with important movements in the global political and economic context.
In the four trading days following Donald Trump’s presidential victory, spot ether ETFs managed to accumulate around $513 million in net inflows.
Currently, the nine ether ETFs on the market have net assets of $9.7 billion, a figure that represents approximately 2.4% of Ethereum’s total capitalization.
The accumulated net outflows from these funds are around $41 million, reflecting a still positive net movement.
ETH took off in the market
Interest in Ethereum and its exchange-traded funds has also boosted the price of ETH, which in the last week has increased by 34%, surpassing $3,200 for the first time in six monthsas seen in the graph of TradingView.
Despite this rebound, the price is still 34% below its all-time high of $4,900reached in November 2021.
However, the rise in the value of ETH is due, in large part, to the mechanics of buying and holding ether applied by the managers of these ETFs, who acquire ETH to back their actions. This process reduces the amount of ether available on the market, which, due to the law of supply and demanddrives up its price.
This positive effect on the price of ETH has spread to the rest of the cryptocurrency market, as the increase in confidence and investment in Ethereum also tends to benefit altcoins, leading the general market to experience days of optimism.
Traditional investors go for Ethereum
Juan Téllez, market analyst, commented on the record of 295.5 million dollars, pointing out that the figure is “exaggerated” and unprecedented in the market.
According to Téllez, “little by little, the narrative is changing, and traditional investors are betting more and more on Ethereum.”
Many generation investors baby boomerswho already have enough BTC or who enter the market in a more mature phase, They are now looking for alternatives like ETH.
“BlackRock continues to be the one that buys the most ETH through ETFs, and will know how to guide its investors very well,” says the specialist, who also highlights how the cycle that began with bitcoin is repeated, but that is now finds in Ethereum an increasingly attractive option for traditional investors.
The massive inflow of money into ether ETFs reflects a new phase of trust and adoption in the world of cryptocurrenciesespecially from traditional investors.
In the words of Téllez, “first bitcoin and now Ethereum, but this time with the difference that institutional investors are playing hard with digital assets.”
