Spot Ethereum ETFs ended December 2024 with record net inflows of over $2 billion, highlighting a growing interest in the asset class.
Record Ethereum ETF Inflows in December
According to SoSoValue data, the net inflow into spot Ethereum ETFs in December reached $2.08 billion, nearly double the November figure of $1 billion. BlackRock's ETHA fund attracted $1.4 billion, while Fidelity's FETH saw inflows of $752 million. In contrast, Grayscale’s ETHE reported an outflow of $274 million. 'The significant inflows can be attributed to the new year bringing new funds, the winding down of positions from last year, and changing market expectations,' noted Nick Ruck, director of LVRG Research.
Bitcoin ETF Activity Continues to Grow
While Ethereum ETFs were in the spotlight, spot Bitcoin ETFs also showed strong performance with net inflows of $4.5 billion in December. However, this figure was below the record November inflow of $6.4 billion. Cumulative net inflows for Bitcoin ETFs totaled $35.24 billion, with total net assets reaching $105.4 billion, representing about 5.7% of the entire Bitcoin market cap. '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.
Potential Market Impact
Ongoing interest in Bitcoin and Ethereum ETFs from institutional investors indicates the critical role these instruments will play in shaping the broader cryptocurrency market throughout 2025.
December ended on a positive note for both Ethereum and Bitcoin ETFs, underscoring the sustained institutional interest. This trend is expected to continue and significantly impact the cryptocurrency market moving forward.
