Spot Ether ETFs Attract Over $515M in Weekly Inflow, Marking an All-Time High

US Spot Ether ETFs recently witnessed a significant surge in investment, setting a new record for weekly inflows. Data from on-chain aggregator SoSoValue reveals that these funds attracted $515.17 million from November 9 to November 15, marking their highest-ever weekly inflows and achieving a three-week streak of positive inflows for the first time.

The period also saw spot Ether ETFs record their largest single-day inflow, with $295 million invested on November 11 alone. 

BlackRock Dominates Weekly Inflows

BlackRock’s Ethereum ETF (ETHA) took the lead by attracting $287.06 million in weekly inflows, boosting its cumulative net inflows to $1.72 billion and its net assets to $1.8 billion. 

Since mid-September, BlackRock has increased its assets under management (AUM) by approximately 224,000 ETH, raising its holdings from 343,000 ETH on September 17 to around 567,000 ETH, valued at roughly $1.8 billion as of November 15.

Fidelity’s FETH also performed strongly, pulling in $197.75 million in inflows, pushing its total net assets to $764.68 million. Other notable ETFs, including Grayscale’s Mini-ETF (ETH) and Bitwise’s ETHW, received $78.19 million and $45.54 million, respectively. VanEck’s ETHV, Invesco’s QETH, and 21Shares’ CETH saw smaller but steady inflows.  

In contrast, Grayscale’s ETHE recorded $101.02 million in outflows but maintained its status as the largest Ethereum ETF, with $4.74 billion in AUM.  

Ether’s Growth Fuels Institutional Investments

Following Donald Trump’s recent victory, interest in Ether ETFs has surged. The growing value of Ether and rising institutional interest has led to notable investments. For example, the State of Michigan Retirement System recently made headlines by adding Grayscale’s Ethereum ETF to its portfolio, becoming the first state pension fund to invest in the product since its launch. 

According to a CoinTab report, Michigan’s pension fund acquired 460,000 shares in the Grayscale Ethereum Trust (ETHE), valued at roughly $10 million as of the end of Q3. Additionally, it holds 460,000 shares in Grayscale’s Ethereum Mini Trust ETF, worth about $1.1 million. This brings its total Ether ETF allocation to over $11 million, surpassing its $7 million investment in Bitcoin ETFs.