he recent US elections have brought excellent results for spot Ethereum ETFs, as investors have poured $295.5 million into these products on November 11th only. This is the biggest single-day positive net addition since the start of these vehicles.
Top Performers
Fidelity’s ethereum ETF was the most popular, attracting $ 115.5 million, followed by BlackRock’s with $ 101.1 million. Another notable product of Grayscale, Ethereum Mini Trust, was no less impressive it recorded $63.3 million of the inflow.
Positive Outlook
Bloomber analysts Eric Balchunas said that there are no outflows from Grayscale’s Ethereum Trust in the last six days, indicating that its unlocks are done, so ‘it’s sunny days for Ethereum ETFs.’
Institutional Adoption
The main factor driving the growth of Ethereum ETF inflows is the growth of institutional support, for example, in May, the Michigan Retirement System invested $11 million in Grayscale’s Ethereum ETFs. This will be the first pension fund to invest in Ethereum based on public data.
Future Potential
Institutional investors may be drawn to Ethereum ETFs, and options trading could spur even more inflows, according to analysts. But the advancement may not be fast here as the SEC has postponed its decision on it, which may happen by April 2025.
Ethereum ETFs Jump after the Election
The increase in the number of Ethereum ETFs inflows after US elections shows that institutions are increasingly likely to invest in cryptocurrencies. Since we are seeing Ethereum ETFs on the verge of hitting positive net flows, this is a very important sign that digital assets are being adopted and incorporated into conventional portfolio investment models.
