CandleFocus

Ethereum’s Surging Price Is Helping Spot Ethereum ETFs Finally Start to Gain Traction

The price of Ethereum (ETH) has surged to $3,711, leading to renewed interest in US-listed spot Ethereum ETFs, which were previously overshadowed by Bitcoin ETFs. Ethereum's market cap is now $447 billion, making it the second-largest cryptocurrency by market capitalization. The 24-hour trading volume reached $32 billion, indicating strong liquidity and market activity. U.S.-listed spot Ethereum ETFs experienced a daily net inflow of $332.92 million on November 29, with cumulative net inflows of $573.32 million and total net assets of $11.04 billion. Various spot Ethereum ETFs, including BlackRock's ETHA, Fidelity's FETH, and Grayscale's ETHE, also reported significant net inflows and net assets.

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