Ethereum ETFs Lead Inflows Amid Crypto Market Surge

Ethereum ETFs experienced significant inflows of $332.9 million on November 29, surpassing Bitcoin ETFs for the first time, driven by increased interest and positive market sentiment. This surge, led by BlackRock's iShares Ethereum Trust and Fidelity Ethereum Fund, marks a notable shift as Ethereum's price reached a 5-month high, outperforming Bitcoin in recent weeks. The inflows reflect a growing institutional interest in Ethereum, with open interest for ETF futures on the CME reaching record highs, despite both cryptocurrencies experiencing slight price declines recently.