Ethereum Spot ETFs Record $55.7M Net Inflow as Fidelity's FETH Dominates the Market

Source: CryptoNewsNet Original Title: Ethereum Spot ETFs Record $55.7M Net Inflow as Fidelity’s FETH Dominates the Market Original Link: According to SoSoValue data, Ethereum spot ETFs recorded a strong rebound on November 21, with total net inflows reaching $55.7 million, marking the end of over a week of consecutive outflows. This reversal signals renewed institutional interest in the volatile altcoin and layer-1 asset environment.

Fidelity’s FETH ETF led the market movement with the largest single-day inflow of $95.3 million, surpassing the combined inflows of all other Ethereum ETFs. This demonstrates Fidelity’s success in capturing market share and absorbing outflows from competing issuers. The FETH’s cumulative net inflows have reached $2.542 billion, positioning it among the top-performing ETFs in the market.

The combined Ethereum spot ETF market shows robust health metrics. Total net assets across all Ethereum spot ETFs stand at $16.86 billion, with total holdings exceeding 6.15 million ETH—approximately 2.5% of circulating supply. This level reflects strong institutional confidence despite ongoing market corrections.

ETH traded at approximately $2,737.86 on November 21, having faced downward pressure earlier in the week. ETF flow data remains highly correlated with price movements, with net inflows typically preceding short-term upside momentum. While competing products like BlackRock’s ETHA and Grayscale’s ETHE experienced joint outflows near $35 million, Fidelity’s aggressive inflow spike easily counterbalanced these withdrawals.

Looking at longer-term trends, Ethereum ETF inflows remain near all-time highs despite November’s volatility. The period from July 2024 through mid-2025 witnessed explosive ETF demand, with several days seeing inflows exceed $800 million. The recent shift from sustained outflows to positive inflows signals a potential institutional sentiment reversal, supported by expectations of network upgrades and Ethereum’s positioning as a long-term institutional asset.

The cumulative data suggests Ethereum spot ETF assets will stabilize around $16 billion by end of 2025, with the general positive trend persisting despite periodic corrections. This resilience underscores Ethereum’s strengthening role in institutional portfolios as investors view it as a credible long-term investment despite short-term market turbulence.