According to data from Farside Investors, Ethereum
This surge reflected a growing interest in Ethereum-based products, even though Bitcoin
For eight consecutive weeks through November and December, Ethereum ETFs saw steady inflows, including $2.2 billion in the last week of November.
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Among Ethereum ETFs, BlackRock’s iShares Ethereum Trust (ETHA) led the market, which brought in $3.5 billion in net inflows throughout the year. Fidelity Ethereum Fund (FETH) followed with $1.5 billion.
However, these gains were partially reduced by $3.6 billion in net outflows from Grayscale Ethereum Trust (ETHE). Launched in 2017, ETHE started as a non-listed trust, which charged a 1.5% management fee. In July 2024, Grayscale introduced a more affordable option, the Ethereum Mini Trust.
Despite this momentum, Bitcoin ETFs remained far ahead. These ETFs amassed over $35 billion in net inflows during 2024, Farside noted.
BlackRock’s iShares Bitcoin Trust (IBIT) collected $37 billion in net inflows for the year. However, Grayscale Bitcoin Trust (GBTC) experienced outflows of over $20 billion.
Meanwhile, according to a report from IntoTheBlock, the number of Ethereum long-term investors grew in 2024, while Bitcoin's holders fell during the same period. How much was the growth? Read the full story.
