In November 2024, Ethereum ETFs witnessed an unprecedented surge, growing their ETH token holdings by 4,363%. This increase marks the most bullish month on record for Ethereum ETFs. The total holdings reached 362,474 ETH, translating to a valuation of approximately $1.42 billion.
This rapid growth represents a substantial leap from the previous month of October, where ETF holdings consisted of just 8,121 ETH tokens valued at around $31.8 million. The remarkable increase highlights a significant shift in investor sentiment toward Ethereum as a key cryptocurrency asset.