Led by BlackRock and Fidelity, Ethereum ETF products have experienced strong capital inflows in recent days, and institutional investors’ interest in Ethereum is picking up significantly. On December 23, the Ethereum ETFs of the two giants recorded a total inflow of $130 million, injecting confidence into the market.
BlackRock and Fidelity lead inflows
According to the latest data:
BlackRock ETHA saw $89.5 million in inflows, a 1.3% growth rate, bringing its cumulative inflows to $3.43 billion, or 0.9% of the total Ethereum supply.
Fidelity FETH has accumulated inflows of $46.4 million, firmly holding the second position in the market.
Bitwise's ETHW reported only $963,700, while other Ethereum ETFs recorded no fund inflows. Clearly, ETHA and FETH are the absolute main forces behind this Ethereum ETF resurgence.
As of now, the total inflow of the Ethereum ETF since its launch has exceeded $2.46 billion. Notably, in the past eight days, the inflow reached $400 million, setting a historical record since the trading product was launched in July 2024.
Ethereum's market performance: Holding the support level, indicating a potential breakout.
Despite recent pressure on the overall market, Ethereum has shown significant resilience. Even under bearish market conditions, ETH remains firmly at the $3,500 support level, rising 5.27% in the past 24 hours, with the current price at $3,511.66. Analysts point out that ETH's technical indicators show strong bullish signals, including the classic inverted head and shoulders pattern, suggesting a potential strong breakout.
Another trend worth noting is the increasing number of long-term holders of ETH. As of now, the total cumulative holdings of ETH have exceeded 20 million, which not only indicates investors' confidence in Ethereum but may also lead to supply tightening, further exacerbating price pressure.
ETF inflows and institutional participation may drive ETH to break historical highs.
As BlackRock and Fidelity continue to attract funds, Ethereum may welcome a new round of price increases driven by institutional investors.
Supply shock: The concentration of ETH in wallets is increasing, with new buyers tending to hoard coins, resulting in a decrease in circulating tokens. This supply tightness could become a catalyst for ETH's price increase.
Institutional bullish sentiment: Institutional interest in Ethereum is heating up, and the inflow data of ETFs is undoubtedly a reflection of the increased market confidence.
Positive policy expectations: The incoming Donald Trump administration is considered to be more friendly towards the cryptocurrency market, which provides policy support for Ethereum and cryptocurrency ETF products.
Ethereum's next milestone.
Bloomberg senior ETF analyst Eric Balchunas is optimistic about the prospects of the Ethereum ETF. He believes that as funds continue to flow in, ETH is likely to break the historical high of $4,878 set in 2021, and may even reach the analyst's predicted $6,000 under supply shocks and institutional momentum.
The success of the Ethereum ETF has not only enhanced market confidence but also demonstrated the potential for cryptocurrencies to gradually move towards mainstream finance. The coming months will be a critical observation period for ETH, and BlackRock and Fidelity have undoubtedly laid the groundwork for Ethereum's next rise.
What do you think, can Ethereum leverage this wave of capital inflow to reach new highs? Feel free to share your views in the comments!
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