Investor interest in the spot Ethereum ETFs (exchange-traded funds) appeared to have waned after failing to register a net inflow day for six consecutive days. However, the cryptocurrency products ended the week on a high with a substantial capital influx on Friday, November 22. This capital inflow represents a shift in investor sentiment, which has not particularly been positive over the past few days. Nonetheless, the market would be hoping that this newly found momentum would persist and perhaps also trigger some bullish action for the ETH price. Can Ethereum ETFs Ensure ETH’s Price Recovery? According to the latest data from SoSoValue, the United States-based spot Ethereum ETFs witnessed a net inflow of $91.21 million on Friday. This positive single-day performance represents the first net inflow for the exchange-traded funds since November 13. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Jump To $99,000, But His Prediction Is Not Done Market data shows that a significant portion of the inflows came from BlackRock’s iShares Ethereum Trust (with the ticker ETHA). The crypto product registered around $99.7 million in t ..
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