ETH Spot ETFs hit ATH of 855M USD, BlackRock ETHA records 523M USD inflows

Ethereum spot exchange-traded funds (ETFs) are experiencing unprecedented investor interest with a record inflow of 855 million USD in the week of December 9-13, 2024, data from Sosovalue shows.

BlackRock’s ETH ETF (ETHA) led the rise, recording 523 million USD of the weekly inflows, while Fidelity’s FETH followed with 259 million USD. Grayscale’s ETHE also attracted investors’ attention during this period.

Ethereum spot ETF had a net inflow of $855 million in the last trading day (December 9 to December 13, US Eastern Time), reaching a record high of weekly net inflow. Blackrock ETF ETHA had a weekly net inflow of $523 million, and Fidelity ETF FETH had a weekly net inflow of $259… pic.twitter.com/HOO1pE6nsr

— Wu Blockchain (@WuBlockchain) December 16, 2024

Historical inflows into Ethereum spot ETFs show that institutional confidence in Ethereum is growing. Daily figures as of December 13 show ETHA recording 9.5 million USD in inflows, followed by ETHE with 7.2 million USD and FETH with 6.86 million USD.

ETH Rally? Supply and Demand Drive ETH Above 5K USD

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

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

There are many factors that suggest Ethereum is ready for a rally. CryptoQuant’s report highlights that ETH’s realized price, a valuation metric that reflects the average purchase price of ETH holdings, currently suggests an upper price limit of 5,200 USD.

Grayscale ETHE ETF Fourth place in the top 25 by assets

Given the increase in cryptocurrency investments since the approval of Bitcoin ETFs in January 2024, the U.S. Securities and Exchange Commission (SEC) has approved Ethereum ETFs for trading in July 2024.

The Grayscale Ethereum Trust ETHE, launched by Grayscale Advisors on the NYSE, ranked fourth among the top 25 by assets with 5.37 billion USD, ETFGI reports.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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