United States spot ETH exchange-traded funds (ETFs) recently witnessed a significant rise in investment, hitting a new record for weekly inflows.
According to data from on-chain aggregator SoSoValue, these funds recorded approximately over $515 million from November 9 to November 15, marking their highest-ever weekly inflows while achieving a three-week streak of positive inflows for the first time.
On November 11 alone, spot ETH ETFs recorded $295 million as their largest single-day inflow.
Spot Ether ETFs have gained significant traction since their launch. They offer investors direct exposure to Ethereum’s price performance without managing private keys or wallets. The latest inflows suggest a turning point for the asset, which signals wide mainstream acceptance.
Blackrock Leads Weekly Inflows
BlackRock’s Ethereum ETF (ETHA) dominated the market, drawing $287.06 million in weekly inflows, which pushed its total net inflows to $1.72 billion and increased its net assets to $1.8 billion.
Since mid-September, BlackRock has expanded its assets under management (AUM) by about 224,000 ETH, growing its holdings from 343,000 ETH on September 17 to approximately 567,000 ETH, with an estimated value of $1.8 billion as of November 15.
While BlackRock’s ETHA led the weekly inflow, Fidelity’s FETH also delivered impressive results, attracting $197.75 million in inflows and boosting its total net assets to $764.68 million. Other prominent ETFs also saw notable activity, with Grayscale’s Mini-ETF (ETH) and Bitwise’s ETHW bringing in $78.19 million and $45.54 million, respectively. Meanwhile, VanEck’s ETHV, Invesco’s QETH, and 21Shares’ CETH experienced smaller but consistent inflows.
In contrast, Grayscale’s ETHE experienced outflows of $101.02 million but retained its position as the largest Ethereum ETF, hitting $4.74 billion in assets under management (AUM).
Ether’s Growth Drives Institutional Investment
Interest in Ether ETFs has increased following Donald Trump’s recent victory as the president of the U.S. The increasing value of Ether, coupled with rising institutional interest, has also driven significant investment activity.
In line with interest in ETH ETFs, the state of Michigan recently added Grayscale’s Ethereum ETF to its portfolio. The investment made the state the first to invest in the product since its launch.
Michigan’s pension holds a considerable investment portfolio in Ethereum ETFs, consisting of 460,000 shares of the Grayscale Ethereum Trust (ETHE), valued at approximately $10 million, and an additional 460,000 shares of the Grayscale Ethereum Mini Trust ETF (ETH), currently valued at $1.1 million. This substantial holding brings the agency’s total investment in ETH ETFs to over $11 million, surpassing its $7 million investment in Bitcoin ETFs.
