December marked a significant milestone for spot Ether exchange-traded funds (ETFs) in the U.S., as they recorded net inflows exceeding $2 billion, according to data from SoSoValue.
December marked a significant milestone for spot Ether exchange-traded funds (ETFs) in the U.S., as they recorded net inflows exceeding $2 billion, according to data from SoSoValue. This figure represents nearly double the previous month’s inflows, which stood at just over $1 billion.
The nine Ether ETFs collectively garnered over $2.08 billion in net inflows during the month. BlackRock’s ETHA fund was a standout performer, attracting $1.4 billion and experiencing 13 consecutive days of positive inflows.
Fidelity’s FETH followed closely with $752 million in inflows. Conversely, Grayscale's ETHE faced challenges, reporting net outflows of $274 million.
These inflows contributed to a cumulative total of over $2.6 billion for the Ether ETFs, bringing their total net assets to approximately $12.12 billion. This figure accounts for over 3% of Ether’s overall market capitalization. The surge in inflows coincided with a rally in Ether prices, which peaked above $4,000 mid-month before settling around $3,500 by month’s end.
In comparison, spot Bitcoin ETFs also experienced substantial activity, with net inflows exceeding $4.5 billion in December.
However, this marked a decrease from November’s record of over $6.4 billion. Bitcoin ETFs concluded the year with a total net inflow of $35.24 billion and total net assets of $105.4 billion, representing approximately 5.7% of Bitcoin's market cap.
Industry analysts noted that December's inflows were influenced by the expiration of previous positions, new fund allocations for the upcoming year, and a shift in market expectations.
Additionally, renewed interest in decentralized finance (DeFi) and artificial intelligence (AI) applications within the Ethereum ecosystem was highlighted as a contributing factor.
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