According to data from SoSoValue, the rally in Ethereum Spot ETFs on November 21st was strong. Total net inflows into the market were 55,711,300, ending the outflows that continued for more than a week. This change represents a renewed interest in financial institutions in the turbulent altcoin and layer 1 asset environment.
FETH Fidelity ETF
The biggest ETF inflow was the Fidelity FETH ETF, which recorded $95,398,900 in one day. This inflow exceeds the inflows of all Ethereum ETFs combined, indicating that Fidelity has been successful in absorbing outflows from other issuers. FETH also has cumulative past inflows of $2.542 billion, propelling it to the top ETF position on the market.
The total net assets of all Ethereum Spot ETFs is a healthy 16.86 billion. The total holdings of ETFs are over 6.15 million units, which is approximately 2.5% of the circulating supply. This level indicates strong institutional investor confidence, even as the market corrects itself.
ETH traded at 2,737
ETH was under downward pressure earlier in the week, opening the day on November 21st at around 2,737.86. ETF flow data remains highly correlated with ETH price movements, and rebounds in net inflows typically follow short-term upward momentum. Competing ETFs are well mixed as Fidelity has recorded good returns. Two funds, BlackRock ETHA and Grayscale ETHE, should be on the verge of recording a combined outflow of nearly $35 million. Smaller issuers also offer smaller outflows, but this is easily offset by FETH’s aggressive inflow surge.
long term trends
Although November was volatile, Ethereum ETF inflows are still near all-time highs. From July 2024 to mid-2025 was a period of explosive demand for ETFs, with inflows exceeding the 800 million level for several days. Despite regular corrections by Ethereum, which looks forward to various network upgrades, institutional investor appetite remains constant.
The SoSoValue chart depicts a long line of red outflow bars that culminates on November 21st. The first sudden green inflow bar marks the first positive day in more than a week, which typically signals a bullish change in the institutional desk. In response to this inflow, the ETH price line has a weak recovery trend.
Resilience of a wide range of ETFs
According to the cumulative chart, Ethereum ETF assets are expected to reach a plateau at around 16 billion by the end of 2025. Even during periods of deficit, there is an overall positive trend. This strength increases the application of Ethereum as a long-term institutional asset.
The EtherSpot ETF is recovering after eight days of lower returns. Fidelity led the entire move with massive $95.3 million inflows into the FETH ETF, bringing its total inflows to over $2.54 billion. With nearly a total of approximately 16.86 billion ETF assets and institutional investors holding ETH over 6 million coins, Ethereum remains attractive to serious long-term investors despite market turmoil.
