DeFi Daily News
Saturday, August 30, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Hits 3-Year High as ETFs See Record $752 Million Weekly Inflows | Coin Media

News Room by News Room
December 6, 2024
in Ethereum
0 0
0
rewrite this title Ethereum Hits 3-Year High as ETFs See Record 2 Million Weekly Inflows | Coin Media
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Ethereum (ETH) surged to its highest price in nearly three years on Thursday, December 6, reaching $4,089.

The increase follows significant institutional interest, with US Ethereum ETFs seeing their largest single-day net inflow of $428.4 million on December 5.

A Revival of Institutional Investments in Ethereum ETFs

Leading the inflows was BlackRock’s ETHA fund, followed by Fidelity’s FETH. These contributions also pushed Ethereum ETFs to record their largest weekly net inflow since launching in July.

The total weekly inflow stands at $752.9 million in the first week of December. This is already a record weekly gain for the funds, even without the final figures for Friday. This wave of institutional investment spurred Ethereum’s price growth and shifted the fear and greed index to “greed,” currently at 65.

ETH Fear and Greed Index. Source: CFGI

Ethereum ETFs have had a slower start in the US compared to Bitcoin ETFs. The first month of launch saw only one week of positive inflow. Currently, the total assets across nine ETFs stand at $12.5 billion. This accounts for roughly 2.7% of Ethereum’s total supply.

However, November marked a turning point, with monthly inflows exceeding $1 billion, signaling growing institutional interest despite earlier outflows.

Ethereum ETF Net Weekly Info from July to December 2024. Source: SoSoValue

A notable development came from the State of Michigan Retirement System (SMRS), which became the first US state pension fund to invest in an Ethereum ETF. SMRS now holds 460,000 Grayscale Ethereum shares and 110,000 ARK Bitcoin ETF shares as part of its diversified crypto portfolio.

Meanwhile, other altcoins are also entering the ETF race. Firms like VanEck, 21Shares, and Grayscale have filed for Solana ETFs. Also, WisdomTree and Bitwise are among four firms seeking approval for XRP ETFs.

As US regulations appear to adopt a more crypto-friendly stance, the ETF market for digital assets is likely to expand.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 3yearcoinETFsEthereumhighHitsInflowsmediaMillionRecordrewritetitleWeekly
ShareTweetShare
Previous Post

rewrite this title Bulova's 'Elegant' Chronograph Watch That 'Feels Great' and 'Keeps Excellent Time' Is Over $200 Off Right Now

Next Post

rewrite this title GRVT Secures Class M License to Revolutionize DeFi Compliance | Coin Media

Next Post
rewrite this title GRVT Secures Class M License to Revolutionize DeFi Compliance | Coin Media

rewrite this title GRVT Secures Class M License to Revolutionize DeFi Compliance | Coin Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

July 15, 2024
zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

September 17, 2024
rewrite this title Falcon Finance Launches On-Chain Insurance Fund With M Initial Capital

rewrite this title Falcon Finance Launches On-Chain Insurance Fund With $10M Initial Capital

August 28, 2025
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

August 3, 2025
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
rewrite this title with good SEO Crypto Tumbles Hard: Google Search Trends Call Last Local Market Top

rewrite this title with good SEO Crypto Tumbles Hard: Google Search Trends Call Last Local Market Top

August 30, 2025
Your Job Sucks!

Your Job Sucks!

August 30, 2025
rewrite this title How to Eat Out Without Breaking the Bank: Simple Ways to Save on Fast Food

rewrite this title How to Eat Out Without Breaking the Bank: Simple Ways to Save on Fast Food

August 30, 2025
rewrite this title Stress May Make a Stroke More Likely—Here’s How To Protect Yourself

rewrite this title Stress May Make a Stroke More Likely—Here’s How To Protect Yourself

August 30, 2025
rewrite this title My favorite affordable phone cases are BOGO free (including for the new Google Pixel 10 series)

rewrite this title My favorite affordable phone cases are BOGO free (including for the new Google Pixel 10 series)

August 30, 2025
rewrite this title and make it good for SEOPM Modi speaks with Ukrainian President Zelenskyy

rewrite this title and make it good for SEOPM Modi speaks with Ukrainian President Zelenskyy

August 30, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.