Ethereum ETF Hit Record High Inflow, BlackRock's Ether ETF See 94-Day High, ETH Eyes $4000 Mark

Ethereum ETFs are seeing a surge in inflows, fueled by Bitcoin's record-breaking rise above $77,000.

U.S. spot Ethereum ETFs saw their largest inflows in six weeks, coinciding with Donald Trump's election win and a recent Fed rate cut. On November 8, these nine spot ETFs received a net inflow of $85.9 million, as reported by ETF industry data provider ETF Flows. This marks a renewed interest in Ether ETFs, reversing weeks of outflows.

The smaller inflows into Ethereum ETFs began on November 6 with $52.3 million, followed by $79.7 million the next day, and then culminated in the largest daily inflow on Monday. However, this came after a major outflow of $63.2 million on November 4.

These inflows are still small compared to spot Bitcoin ETFs, which saw inflows of $1.2 billion during the same period. But it's a significant development nonetheless, especially as altseason is picking up steam. These inflows could grow even more in the coming weeks, making Ethereum a strong contender in the market.

BlackRock's iShares Ethereum Trust ETF (ETHA) saw its largest daily inflows in 94 days on Monday. On November 8, the ETF received $60.3 million in inflows, the highest since August 6, according to ETF Flows data.

This surge comes as Ether's price hovers near $3,000 for the first time since August, following a 22% gain this week. The coin is now approaching a key resistance level, and if it breaks through, it could rally toward $4,093 and possibly even a new all-time high.

On the other hand, a drop below $2,817 could derail this bullish outlook and take to retest the $2600 support level.

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