Ethereum ETF Inflows Rebound $55.7M; ETH Stalls Below $2,800
Ethereum ETF inflows reversed an eight-day outflow streak on November 21, drawing $55.7M into spot products. Fidelity’s FETH led the charge with $95.4M, boosting its total to $2.542B, while BlackRock’s ETHA saw a $53.7M single-day outflow. Total AUM for ETH spot ETFs rose to $16.86B amid cumulative net inflows of $12.63B. Despite renewed Ethereum ETF inflows, ETH price remains stuck below $2,800, falling 12.9% over the past week and 28.9% month-to-date. Trading volume dipped to $2.3B. Mixed fund flows and ongoing selling pressure suggest range-bound price action near key support levels.
Neutral
The resurgence of Ethereum ETF inflows after eight days of outflows indicates renewed investor interest, providing potential short-term support for ETH. However, the large single-day outflow from BlackRock’s ETHA and persistent selling pressure—evident in recent weekly and monthly declines—highlight ongoing bearish sentiment. The divergence in fund flows and soft trading volumes point to likely range-bound trading around key support levels in the near term. Over the longer term, sustained net inflows and growing AUM could underpin bullish potential if inflows continue and market conditions improve.