{"id":597348,"date":"2024-11-12T16:37:27","date_gmt":"2024-11-12T16:37:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=597348"},"modified":"2024-11-12T16:37:27","modified_gmt":"2024-11-12T16:37:27","slug":"ethereum-etfs-see-record-inflows-as-altcoin-season-index-surges","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-etfs-see-record-inflows-as-altcoin-season-index-surges","title":{"rendered":"Ethereum ETFs See Record Inflows As Altcoin Season Index Surges"},"content":{"rendered":"
US spot Ethereum ETFs<\/a> (exchange-traded funds) registered record inflows as CoinMarketCap’s Altcoin Season Index surged.<\/p>\n Ethereum, the largest altcoin by market cap, saw its ETFs record $294.9 million in inflows on Nov. 11, well above the previous record of $106.6 million set at their July debut, according to data from SoSo Value<\/a>.<\/p>\n Meanwhile, the CoinMarketCap Altcoin Season Index, which provides real-time insights into whether the market is currently in an altcoin season, s<\/span>urged 56% from a reading of 23 on Nov. 4 to 37, signaling growing momentum for altcoins led by Ethereum.<\/span><\/p>\n Ethereum (ETH) itself has surged 32% in the past week to trade at $3,244.11 at 11.33 a.m. EST.<\/p>\n <\/p>\n Fidelity’s spot Ether ETF, FETH, recorded the most inflows during yesterday’s trading session after $115.5 entered its reserves. This was a new record for FETH. Meanwhile, the fund belonging to asset management giant BlackRock took second place with its $100.5 million inflows. <\/span><\/p>\n Grayscale’s Ethereum Mini Trust ETF (ETH) took third place after investors sent $63.3 million to the investment product, while Bitwise’s Ethereum ETF (ETHW) posted $15.6 million inflows. The rest of the funds recorded no new flows yesterday.<\/span><\/p>\n Ethereum spot ETFs saw a record net inflow of $295 million yesterday, hitting an all-time high. 🎉 — SoSoValue Research (@SoSoValue) November 12, 2024<\/a><\/p><\/blockquote>\nFidelity’s FETH Leads Spot Ethereum ETFs In Inflows With A Record Of Its Own<\/span><\/h2>\n
\n
Could this be the beginning of a major upward move for ETH? 🤔 https:\/\/t.co\/W4IJv3XcHh<\/a><\/p>\n