Ethereum Spot ETF Inflows Hit $91.2M After Six-Day Outflow

Key Points:

• Ethereum Spot ETF Inflows hit $91.2M after a 6-day outflow streak.
• BlackRock ETF ETHA recorded a significant $99.67M inflow on Nov 22.

Ethereum Spot ETF Inflows reached $91.2M on Nov 22, marking the first net inflow in 6 days, while BlackRock ETF ETHA reported a $99.67M single-day inflow.

Ethereum Spot ETF Inflows and BlackRock’s Impact

On November 22nd, Ethereum Spot ETF Inflows rebounded dramatically to 91.2M after outflows had been posted for six consecutive days. This return to positive inflows is a good indication of the growing investor interest in Ethereum as a digital asset. BlackRock's ETF ETHA was well poised in the leading position to contribute toward this trend, with its single-day inflow of $99.67M-a further cementing of Ethereum's place in institutional portfolios.

The renewed inflows reflect Ethereum's growing adoption as a mainstream investment product. Such institutional support, for instance- highlights the increasing demand for regulated investment options linked to blockchain assets. This portends a bright future for Ethereum-based ETFs, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

BTC Spot ETF Inflows Continue to Dominate

Bitcoin Spot ETF inflows were strong, with a total of $490M on November 22, marking five consecutive days of net inflows. BlackRock's IBIT ETF contributed an astonishing single-day $513M to demonstrate Bitcoin's increasing status as the go-to investment. The total net asset value of Bitcoin Spot ETFs is now $107.488 billion and dwarfs everything else in crypto ETF land.

These inflows further underline Bitcoin's status as a sound asset both for institutional and retail investors. With ongoing money flow into Bitcoin Spot ETFs, the market has witnessed a healthy trend toward mainstreaming regulated crypto investment products, which is the precursor to mainstream acceptance and sustained growth in the crypto sector.