December 18, 2024
Ethereum spot ETFs saw an exceptional net inflow of $145 million, a clear sign of growing institutional confidence in the investment potential of the leading cryptocurrency. The record performance on December 17 reflects the strength of Ethereum as a financial instrument backed by advanced technology and infrastructure, according to data from SoSoValue.
BlackRock’s ETHA funds led the way with daily inflows of $135 million, bringing their total assets under management to $3.365 billion, making them the leader among Ethereum ETFs.
Grayscale ETH funds also recorded an additional $4.45 million inflows, bringing their cumulative net inflows to $616 million. Despite the lack of new inflows, Grayscale ETHE funds still dominate with a total asset value of $5.72 billion.
In total, the net assets under management in Ethereum ETFs amounted to $14.04 billion, representing about 2.96% of the total Ethereum market cap, which was estimated at about $461.51 billion at the time of reporting.
These strong inflows reflect growing interest from institutional investors in Ethereum as a vital digital asset, with total net inflows to these funds exceeding $2.46 billion. This comes amid an ongoing trend towards leveraging Ethereum’s advanced technology and growing ecosystem.
