The cryptocurrency market experienced a significant boost last week, as Spot ETFs for Bitcoin (BTC) and Ethereum (ETH) recorded remarkable inflows. Between December 9 and 13, 2024, Spot ETFs saw $2.167 billion funneled into BTC and $854.8 million into ETH. This marks one of the most robust weeks for digital asset ETFs in recent memory, signaling growing institutional interest and confidence in the asset class.
Spot ETF: $2.167B to $BTC and $854.8M to $ETH Week: 9 to 13 December 2024 This is the largest weekly inflow for ETH ETFs since their launch, surpassing last week's record. Both BTC and ETH ETFs have now seen 2 consecutive weeks of full inflows. #BlackRock… pic.twitter.com/DrgmgvxAIq
— Spot On Chain (@spotonchain) December 14, 2024
According to Spot On Chain, Ethereum’s Spot ETFs achieved a monumental milestone, with the $854.8 million inflow surpassing the previous weekly record. This marks the largest single-week inflow since the launch of ETH Spot ETFs earlier this year. Ethereum Spot ETFs have now recorded two consecutive weeks of full inflows, indicating sustained momentum as institutional and retail investors seek exposure to the asset.
The inflows coincided with a notable increase in ETH’s price, which climbed above $3,900 during the same period. Analysts point to growing adoption, regulatory clarity, and strategic moves by major ETF providers as key drivers behind the surge.
BlackRock Boosts Bitcoin ETF Inflows for Strong 2024 Finish
While Ethereum made headlines with its record-breaking performance, Bitcoin ETFs maintained their dominance, pulling in $2.167 billion. Institutional powerhouse BlackRock led the charge, contributing a staggering $1.514 billion to its IBIT Bitcoin ETF. The asset manager also played a significant role in Ethereum ETFs, funneling $523.1 million into its ETHA fund.
Bitcoin Spot ETFs have now enjoyed two consecutive weeks of consistent inflows. This renewed interest coincides with BTC’s price stabilization around the $50,000 mark, fueled by positive market sentiment and year-end positioning by institutional investors.
BlackRock’s contributions underscore its growing influence in the crypto ETF market. With a combined inflow of over $2 billion across Bitcoin and Ethereum products last week, the firm continues to solidify its position as a leader in digital asset investment. Its Bitcoin (IBIT) and Ethereum (ETHA) ETFs have become pivotal vehicles for institutions looking to gain direct exposure to cryptocurrency markets.
The growing adoption of these ETFs reflects a broader acceptance of Bitcoin and Ethereum as viable investment assets. Analysts attribute BlackRock’s success to its robust reputation, regulatory compliance, and ability to bridge the gap between traditional finance and crypto.
The substantial inflows into Spot ETFs for both Bitcoin and Ethereum highlight a shift in sentiment among institutional investors. Crypto markets, which have historically been associated with volatility, are increasingly viewed as a viable diversification strategy within broader portfolios.
“Both BTC and ETH ETFs seeing two consecutive weeks of inflows is a significant milestone,” noted a senior market analyst. “It indicates that institutional players are not just experimenting with crypto—they’re committing capital with confidence.”
This development aligns with broader trends in the cryptocurrency market, where adoption by traditional financial institutions is accelerating. Major banks, asset managers, and hedge funds are entering the space, further legitimizing digital assets as a mainstream investment option.
Market Outlook: A Strong Finish to 2024?
The strong inflows into Bitcoin and Ethereum ETFs may set the stage for a bullish close to 2024. Market experts anticipate continued inflows into crypto ETFs as investors position themselves for the upcoming year.
Ethereum’s price, in particular, has shown signs of sustained growth, supported by increasing development activity and ecosystem expansion. Meanwhile, Bitcoin remains a staple for institutional investors seeking a hedge against traditional market uncertainties.
As regulatory clarity improves and more ETF products enter the market, the path appears clear for further institutional adoption in 2025. The combined performance of Bitcoin and Ethereum Spot ETFs last week signals a maturing market that is poised to grow.
The week ending December 13, 2024, will be remembered as a landmark moment for cryptocurrency ETFs. With record-breaking inflows into Ethereum Spot ETFs and sustained momentum for Bitcoin, the data underscores the increasing mainstream adoption of digital assets.
As giants like BlackRock continue to lead the charge, the narrative around crypto is shifting from speculative frenzy to institutional endorsement. Whether this momentum sustains into 2025 remains to be seen, but for now, the numbers speak for themselves: cryptocurrency ETFs are here to stay.
