Spot ETH ETFs clocks highest daily inflow day: ‘Alt rotation has begun’
Spot Ether ETFs in the United States have hit a record high in daily inflows, surpassing spot Bitcoin ETFs inflows on the same day by around $2.9 million.
Spot Ether exchange-traded funds (ETFs) in the United States reached a new record for daily inflows on Nov. 29.
According to Farside data, $332.9 million flowed into the nine spot Ether (ETH) ETFs on Nov. 29, surpassing the previous daily inflow record — $295.5 million reached on Nov. 11— by $37.4 million.
BlackRock, the world’s largest asset manager, was responsible for $250.4 million of the total inflows on Nov. 29. ETF Store president Nate Geraci pointed out in a Nov. 29 X post that BlackRock’s iShares Ethereum Trust (ETHA) has now notched over $2 billion in inflows since the product launched on July 23.
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Author: Ciaran Lyons
