Ethereum ETFs Surge: $2.6 Billion December Inflows Break Records

This surge reflected a growing interest in Ethereum-based products, even though Bitcoin BTC $86,159.06 ETFs continued to dominate the market.

For eight consecutive weeks through November and December, Ethereum ETFs saw steady inflows, including $2.2 billion in the last week of November.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Non-custodial Wallet: Why Do You Need It Right NOW

SUBSCRIBE

ON YOUTUBE

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.