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

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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