New data reveals that investor interest in Ethereum (ETH) spot ETFs reached an all-time high in December. According to crypto research platform SoSo Value, Ethereum spot ETFs saw inflows totaling $2.1 billion last month.
Record-Breaking Inflows
This figure represents 81.5% of all net inflows since the financial product’s inception. December’s monthly net inflows nearly doubled November’s $1.08 billion figure.
The data highlights that the Fidelity Ethereum Fund (FETH) leads with the highest net inflows, totaling $1.58 billion. It is followed by the Grayscale Ethereum Mini Trust (ETH) with $601.04 million. Other significant contributors include the Bitwise Ethereum ETF (ETHW) at $345.02 million, the VanEck Ethereum Trust (ETHV) with $127.79 million, and the Franklin Ethereum Trust (EZET) at $37.65 million.
The Rise of Ethereum ETFs
Ethereum spot ETFs launched in July and garnered $600 million in trading volume within half a day of their debut. This rapid growth reflects the growing demand for digital asset exposure among investors. However, the SEC has yet to approve Ethereum spot ETF options. In November, the SEC announced a delay to further analyze whether the proposed rule changes align with current securities laws.
The increasing interest in Ethereum spot ETFs underscores the growing role of digital assets in investment portfolios. These funds offer investors simplified access to Ethereum and enhance participation in market dynamics.
As reported by Dey There, the rise of Ethereum ETFs marks a significant milestone in the integration of cryptocurrencies into mainstream financial markets. This trend highlights the evolving investment landscape and the importance of digital assets in modern finance.
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