After a strong November, which saw the election of Donald Trump as the crypto-friendly president-elect in the United States, exchange-traded funds in Bitcoin and Ethereum are experiencing record-breaking net inflows.
Cumulative flow data shows steady growth in institutional adoption since March 2024.
This suggests that the market is maturing and ETFs will increasingly be used by traditional financial institutions to get exposure to Bitcoin.
Selon aggregated data collected by SoSoValue & CoinGlass Spot Bitcoin The following are some examples of how to get started: Ethereum ETFs Monthly net flows of $7.54 billion have been recorded.
That's more than $1.5 billion compared to February's record of $6.03 billion for Bitcoin ETFs.
Notably, Ethereum spot ETFs, which went live for trading in July, are gaining ground, with records between November 25 and November 29 seeing a net inflow of $467 million—most of which stems from BlackRock’s ETHA, representing $300 million.
Changing tides for Ethereum
When comparing daily net flows, Bitcoin spot funds accounted for 320 million dollars, Ethereum ETFs $332 millions, even though the latter has only about $11 billion net assets. Bitcoin spot funds have net assets that are nearly 10 times higher, at more than $105 million.
Ether outpaced Bitcoin's price performance during the final week of November, rising 15% compared to Bitcoin's modest 1.7% decline over the same period, according to data from CoinGecko.
But, there is a Comparisons between Ethereum's price versus the fully diluted valuation of Bitcoin reveals its fundamental supply-side constraints. Ethereum would need to reach $16,673 (a 4.61x increase) to match Bitcoin's $2 trillion total addressable market cap.
Bitcoin ETFs retain dominance
BlackRock's iShares Bitcoin Trust (IBIT) continues to dominate Bitcoin spot ETFs, accumulating $48 billion in market cap flows since launch, The following are some of the most effective ways to increase your ROI: CoinGlass is a show that shows coins.
Grayscale's Bitcoin ETF (GBTC) follows with $20.9 billion, though this is being trailed closely by Fidelity's Bitcoin ETF (FBTC) at $19 billion.
Bitcoin, which is currently trading at $96,000 and close to but still not breaching $100,000, has seen a surge in ETFs.
“Bitcoin dominance has dropped by 5% over the past 12 days, breaking below the positive trendline established in June 2023,” Valentin Fournier is a digital assets analyst with the Singapore registered market intelligence company Bread News. Decrypt Email is the most common way to send a message.
“With significant resistance at $100,000, the market is seeing a capital shift towards altcoins, supported by increasing liquidity.”
Sebastian Sinclair edited the book