Bitcoin ETFs Lag as Ethereum ETFs Surge to $12.12B Assets in December
Spot Ethereum exchange-traded funds (ETFs) set a new monthly record in December with $2.08 billion in net inflows. This performance nearly doubled Novembers inflows, reflecting heightened investor interest in ether-backed financial products. BlackRocks ETHA fund led the surge, contributing significantly to the robust inflow figures.
BlackRock Leads Ethereum ETF Inflows in December
BlackRocks ETHA fund attracted $1.4 billion in December, marking 13 consecutive days of positive contributions. Fidelitys FETH fund was followed by $752 million inflows, showcasing strong investor confidence. In contrast, Grayscales ETHE fund faced $274 million in net outflows, highlighting a varied performance across funds.
These inflows brought cumulative net inflows for Ethereum ETFs to over $2.6 billion by the end of December. Total net assets for ether ETFs reached $12.12 billion, representing over 3% of Ethereums market capitalization. The record inflows coincided with a mid-month ether price rally, which briefly surpassed $4,000.
Bitcoin ETFs Also See Activity Amid Ethereums Surge
Spot Bitcoin ETFs recorded $4.5 billion in December net inflows, down from Novembers $6.4 billion. Despite the decline, Bitcoin ETFs showed resilience, with Fidelitys FBTC leading with $36.81 million on December 31. Grayscales Bitcoin Mini Trust and Bitwises BITB also contributed to the positive inflows.
However, notable outflows occurred from BlackRocks IBIT and ARKs ARKB funds, dampening overall December performance. Despite mixed results, Decembers last trading day ended positively for Bitcoin and Ethereum ETFs.
Ethereum ETFs saw a late-December rebound, with $35.93 million in net inflows following a prior day of $55.41 million in outflows. Fidelitys FETH fund dominated with $31.77 million in inflows, while Grayscales ETHE recorded outflows of $5.61 million. Other Ether ETFs reported limited activity during this period.
In 2024, U.S. spot Bitcoin ETFs achieved $35.66 billion in net inflows, significantly exceeding expectations. BlackRocks IBIT fund led with $37.31 billion, while Fidelity and ARK also recorded substantial inflows. On the Ethereum front, BlackRocks ETHA and Fidelitys FETH drove 2024s impressive $3.52 billion and $1.56 billion inflows, respectively.
Read more: https://www.tronweekly.com/bitcoin-etfs-lag-as-ethereum-etfs-surge-to-12b/
Text source: TronWeekly
