Ethereum exchange-traded funds (ETFs) in the US have extended their winning streak, posting a tenth consecutive day of positive inflows. The recent trend reflects growing investor sentiment following the US presidential elections.
The latest data from SoSoValue shows that US-based Ethereum ETFs recorded $83.3 million in net inflows on December 6, marking the longest streak since launch in July 2024. Fidelity’s Ethereum Fund led the group with approximately $47.9 million in inflows, followed by BlackRock’s iShares Ethereum Trust with over $34.56 million.
The total net inflow over the past week stands at $836.69 million, the highest weekly performance since launch. This surpasses the previous record of $515 million from mid-November.
Friday’s trading volume was also significant, with a total value of $992.52 million traded on the day to close the week. The Ethereum price has recently crossed $4,000 for the first time since March 2024, driven by positive sentiment among investors.
Source: https://bitcoinist.com/ethereum-etfs-record-best-weekly-performance-10-day