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BitcoinSistemi 2025-01-02 12:30:09

Spot Ethereum ETFs Close December with Record $2 Billion Inflows! Here Are the Details

Spot Ethereum exchange-traded funds (ETFs) in the US closed 2024 with a bang, recording net inflows of over $2.08 billion in December, marking a historic peak for the asset class. Spot Ethereum ETFs Hit Record with $2 Billion Inflows in December That's nearly double the net inflow of just over $1 billion in November, according to SoSoValue data. BlackRock’s ETHA fund saw a staggering net inflow of $1.4 billion, marking 13 consecutive days of positive momentum, while Fidelity’s FETH fund followed suit with an impressive inflow of $752 million. In contrast, Grayscale’s ETHE fund bucked the trend, reporting net outflows of $274 million for the month. “The significant inflows into spot ETH ETFs can be attributed to the new year bringing new funds, the winding down of positions from last year, and changing market expectations,” said Nick Ruck, director of LVRG Research. Ruck also noted the increasing interest in decentralized finance (DeFi) and artificial intelligence applications in the Ethereum ecosystem. December inflows brought total net inflows for spot Ethereum ETFs to over $2.6 billion, with total net assets reaching $12.12 billion, equivalent to over 3% of Ethereum’s total market cap. The surge coincided with Ethereum’s surge above $4,000 in mid-December, but the cryptocurrency later settled around $3,500 by the end of the month. Bitcoin ETFs Also See Strong Activity While Ethereum ETFs have been in the spotlight, spot Bitcoin ETFs have also continued their strong performance with net inflows of $4.5 billion in December. While significant, this figure still falls short of the record $6.4 billion inflows in November. Bitcoin ETFs closed 2024 with total cumulative net inflows of $35.24 billion and total net assets of $105.4 billion, representing approximately 5.7% of the entire Bitcoin market cap. Bitcoin reached a historic high of $108,135 on Dec. 17, driven by significant TradFi (traditional finance) inflows. “As has been the case throughout the year, TradFi inflows continue to be the dominant driver behind spot performance,” said Augustine Fan, Head of Analytics at SOFA.org. As both Bitcoin and Ethereum ETFs continue to attract significant institutional interest, analysts expect these instruments to play a critical role in shaping the broader cryptocurrency market throughout 2025. *This is not investment advice. Continue Reading: Spot Ethereum ETFs Close December with Record $2 Billion Inflows! Here Are the Details

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