Institutional investors show growing interest in Ethereum spot ETFs, demonstrated by a $145 million net inflow as of Dec. 17.
Increase in Ethereum Spot ETF Investments
According to data from SoSoValue, Ethereum spot ETFs recorded a significant net inflow of $145 million on Dec. 17. This indicates increasing trust among institutional investors in financial instruments backed by Ethereum.
The Role of BlackRock and Grayscale
BlackRock led the inflows with a notable $135 million, reaching a total net inflow of $3.365 billion from Ethereum spot ETFs. Grayscale also improved its figures, achieving a net income of $616 million.
Long-term Prospects for Ethereum
Ethereum spot ETFs now have a net asset value of $14.04 billion, representing about 2.96% of Ethereum's total market capitalization. Increasing institutional activity highlights confidence in the long-term prospects of cryptocurrency.
The continuous growth of capital investments in Ethereum spot ETFs indicates increased confidence in cryptocurrencies and their significance in the changing financial landscape.
