yolowire.com - A record $428.5 million U.S. flowed into spot Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) on Dec. 5.
Market data shows that inflows into U.S. spot Ethereum ETFs have picked up in the past five trading days as cryptocurrencies continue to rally and the price of Bitcoin (CRYPTO: BTC) surpassed $100,000 U.S. for the first time.
The inflows to Ethereum ETFs were dominated by BlackRock (NYSE:BLK)'s ETHA, which collected a record $292.7 million U.S.
In the past five days, Ethereum ETFs have seen almost $800 million U.S. in net inflows, according to data from Farside Investors.
The flows to ETFs come as Ethereum, the second-largest cryptocurrency by market capitalization, has risen 60% in the past month to trade at $3,900 U.S.
Bitcoin ETFs have also seen heavy inflows over the past week, with $766.7 million going into about a dozen exchange-traded funds, the largest amount since Nov. 21.
The Bitcoin flows were dominated by BlackRock's iSharesBitcoinTrust (NASDAQ: IBIT), which added $770.5 million U.S. in net inflows.
The BlackRock Bitcoin Trust has now taken in a record $50 billion U.S. since it launched in January of this year.
The price of Bitcoin is currently at $98,000 U.S. after rising to a record high of just over $103,000 U.S. in recent days.