The cryptocurrency market witnessed a significant surge in Ethereum ETF inflows, signaling growing investor confidence in this decentralized asset class. As of January 5, total net inflows across all Ethereum ETFs reached an impressive $168.13 million, with BlackRock’s ETHA ETF leading the charge.
BlackRock’s ETHA Dominates Ethereum ETF Inflows
BlackRock’s ETHA ETF secured the top spot with a daily net inflow of $102.90 million, equivalent to 31.74K Ether (ETH) added. This pushed its cumulative net inflow to an outstanding $12.72 billion, with total net assets at $11.39 billion. The ETF closed at $24.52, reflecting a price gain of 3.99% and witnessed a robust trading volume of $1.30 billion.
Other Key Players: Fidelity, Grayscale, and Bitwise
Fidelity’s FETH, Grayscale’s ETHE, and Bitwise’s ETHW also posted notable performances. Combined, these ETFs saw inflows exceeding $63 million:
- Fidelity (FETH): Recorded $21.83 million in net inflows, adding 6.73K ETH. The ETF holds $2.43 billion in net assets and closed at $32.35, up 3.97%.
- Grayscale (ETHE): Registered $22.34 million in inflows with 6.89K ETH added. Net assets reached $2.42 billion, closing at $30.64, up 3.97%.
- Bitwise (ETHW): Reported $19.73 million in inflows, adding 6.09K ETH. Its net assets stood at $414.38 million with a 3.98% price rise, closing at $23.23.
Top-performing ETFs Without Daily Inflows
Other Ethereum-focused ETFs, including VanEck’s ETHV, Franklin’s EZET, and 21Shares’ TETH, reported no daily inflow but posted notable price gains:
- VanEck (ETHV): Gained 3.92%, closing at $47.44 with $18.62 million traded.
- Franklin (EZET): Saw a 4.01% increase, closing at $20.96 and $8.49 million traded.
- 21Shares (TETH): Rose 4.05%, closing at $16.20, with $24.55 million traded.
The Bigger Picture
Overall, the cumulative net inflows for Ethereum ETFs have skyrocketed to $12.67 billion, with total net assets standing at $19.95 billion, representing 5.10% of Ethereum’s total market cap. These figures underline the growing prominence of cryptocurrency-based ETFs as mainstream financial instruments and suggest increasing institutional interest. For investors looking to diversify their portfolios, Ethereum ETFs are emerging as a strong contender to consider.
Explore Ethereum Investment Tools
If you’re new to Ethereum investing, tools like Coinbase or platforms like eToro provide user-friendly ways to get started.
Disclaimer
Cryptocurrency investments carry risk. Consult with financial advisors before making investment decisions.
