Ethereum ETFs Outpace Bitcoin with $332M Inflows: Which Is the Better Pick?

Spot Ether ETFs Surpass Bitcoin with Record $332M Inflows: What’s Driving the Shift?

On November 29th, spot Ether ETFs saw a remarkable surge of $332.92 million in daily inflows, surpassing Bitcoin ETFs for the first time in a significant way. This shift highlights growing investor interest in Ethereum and its potential. Let’s take a closer look at the key drivers behind this trend.

BlackRock Leads the Ether ETF Surge

One of the most notable contributors to this surge is BlackRock’s iShares Ethereum Trust (ETHA), which alone attracted roughly $250 million in inflows. Since its launch in July, ETHA has accumulated over $2 billion, cementing its position as a leading choice among investors.

In addition to ETHA’s dominance, other Ether ETFs also saw notable contributions:

• Fidelity’s FETH – $79 million in inflows
• Grayscale’s Ether ETF – $3.4 million in inflows

These figures suggest that institutional interest in Ethereum is on the rise, further bolstering its standing in the market.

Ethereum Price Shows Strength

As of now, Ethereum’s price is holding steady at $3,695, showing a 3.79% gain in the last 24 hours. Trading volume has also seen an increase of more than 11%, reflecting strong market activity. While Ethereum’s price is still about 24% below its all-time high of $4,891 from 2021, analysts believe that breaking the $3,730 resistance level could signal further gains.

Bitcoin ETFs Take a Back Seat

For the first time in a while, Bitcoin ETFs were not the star of the show. On November 29th, Bitcoin ETFs recorded $320 million in inflows, but this was not enough to surpass Ether’s performance. Interestingly, only six out of twelve Bitcoin ETFs saw inflows on this day, indicating that interest in Bitcoin may be cooling off slightly.

In fact, over the course of the previous week, Ether ETFs far outpaced Bitcoin ETFs in terms of inflows:

• Between November 22 and 27, Ether ETFs accumulated nearly $225 million in inflows.
• In comparison, Bitcoin ETFs only managed to bring in $35 million, largely due to a significant outflow on November 25.

Ethereum Gaining Momentum

The sharp increase in inflows into Ether ETFs suggests that investors are becoming increasingly confident in Ethereum’s potential. Whether it’s the recent price action or growing excitement around its expanding use cases, Ethereum appears to be stepping out from Bitcoin’s shadow.

As institutional interest continues to rise and Ethereum’s price shows signs of strength, the spotlight is firmly on Ethereum. Will this momentum continue, and could Ethereum eventually surpass Bitcoin in terms of investor preference? Only time will tell, but for now, Ethereum seems poised for dominance.