ETH Spot ETFs Hit ATH of $855M, BlackRock ETHA Sees $523M Inflows

Blackrock ETF ETFs Ethereum

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,...

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December 16, 2024

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Ethereum spot exchange-traded funds (ETFs) are witnessing unprecedented investor interest, with a record $855 million net inflow during the week of December 9–13, 2024, according to data from Sosovalue.

BlackRock’s ETH ETF (ETHA) led the surge, accounting for $523 million of the weekly inflows, while Fidelity’s FETH followed with $259 million. Grayscale’s ETHE also captured notable investor attention during this period.

The historic inflows into spot ETH ETFs show there is growing institutional confidence in Ethereum. Daily figures from December 13, highlight ETHA securing $9.5 million in inflows, followed by ETHE with $7.2 million and FETH at $6.86 million.

ETH Rally? Supply-Demand to Push ETH Over $5K

Ethereum is trading at $3,965 on Monday up 1.8% in 24 hours.

The second largest cryptocurrency by market cap could be on the brink of a rally, with the $5,000 mark within reach, driven by strong supply-demand dynamics and growing network activity, according to analysis from CryptoQuant.

There are many factors indicating that Ethereum is primed for a rally. The CryptoQuant report highlights that ETH’s realized price, a valuation metric reflecting the average purchase price of ETH holdings, currently suggests an upper price limit of $5,200.

Grayscale ETHE ETF Fourth Place in Top 25 by Asset

Reflecting the rise in cryptocurrency investing since the approval of Bitcoin ETFs in January 2024, the US SEC approved Ethereum ETFs for trading in July 2024.

The Grayscale Ethereum Trust ETHE reached fourth place in the Top 25 by Asset with $5.37 billion, launched by Grayscale Advisors on the NYSE, reports ETFGI.