Exchange-traded funds invested in U.S. Bitcoin and Ethereum have posted record net inflows following a bullish November when crypto-friendly President-elect Donald Trump took office in the White House. There is.
Cumulative flow data shows steady growth since March 2024 as post-election momentum drives institutional adoption.
The nature of these inflows signals a maturation of the market, with ETFs becoming an increasingly preferred means of gaining Bitcoin exposure for traditional finance.
Monthly net inflows into U.S. spot Bitcoin and Ethereum ETFs exceeded $7.54 billion, according to data compiled by SoSoValue and CoinGlass.
This compares to the Bitcoin ETF's February record of $6.03 billion, which is more than $1.5 billion.
In particular, the Ethereum Spot ETF, which began trading in July, is gaining momentum, with $467 million in net inflows recorded between November 25 and November 29. Most of that came from BlackRock's ETHA, worth $300 million.
Changing trends in Ethereum
Comparing total daily net inflows, the Bitcoin Spot ETF accounted for $320 million and the Ethereum ETF earned $332 million, whereas the latter's net assets were only around $11 billion. The Coinspot ETF is nearly 10x more expensive with net assets above $105. Billion.
According to data from CoinGecko, Ether outperformed Bitcoin's price performance in the last week of November, rising 15% compared to Bitcoin's meager 1.7% decline over the same period.
However, comparing the price of Ethereum to the fully diluted valuation of Bitcoin reveals fundamental constraints on the supply side. To match Bitcoin's possible market cap of $2 trillion, Ethereum would need to reach $16,673 (4.61x).
Bitcoin ETFs maintain their dominance
BlackRock's iShares Bitcoin Trust (IBIT) continues to dominate the Bitcoin Spot ETF, accumulating $48 billion in market capitalization flows since its launch, according to data from CoinGlass.
Grayscale Bitcoin ETF (GBTC) follows with $20.9 billion, closely followed by Fidelity Bitcoin ETF (FBTC) at $19 billion.
The surge in ETF adoption comes as Bitcoin is trading near $96,000, approaching but not yet breaking the psychological $100,000 barrier.
“Bitcoin's dominance has fallen by 5% in the past 12 days, falling below the positive trend line established in June 2023,” said Valentin Fournier, digital asset analyst at Singapore-registered market intelligence firm Bread News. he told Decrypt via email.
“With significant resistance at $100,000, we are seeing a shift of funds into altcoins in the market, supported by increased liquidity.”
Edited by Sebastian Sinclair
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