New data released by the crypto research platform SoSo Value reveals that investors are pouring a record amount of funds into Ethereum (ETH) spot exchange-traded funds (ETF) in December. The total inflow for Ethereum spot ETFs reached an impressive $2.10344 billion last month, representing a significant increase from previous months.
In fact, the latest figures show that the December inflow accounts for 81.5% of the cumulative total net inflow since the financial product was launched. This surge in investment into Ethereum spot ETFs is nearly twice the amount recorded in November, with a monthly net inflow of $1.07776 billion.
Among the various Ethereum spot ETFs, the Fidelity Ethereum Fund (FETH) stands out with the highest net inflow since its listing, totaling $1.58 billion. Following closely behind is the Grayscale Ethereum Mini Trust (ETH) with $601.04 million, Bitwise Ethereum ETF (ETHW) with $345.02 million, VanEck Ethereum Trust (ETHV) with $127.79 million, and the Franklin Ethereum Trust (EZET) with $37.65 million.
The launch of Ethereum spot ETFs in July saw an initial surge in trading volume, reaching nearly $600 million halfway through the first trading day. Despite this success, the U.S. Securities and Exchange Commission (SEC) has yet to approve Ethereum spot market exchange-traded fund options. In November, the SEC announced a delay in its decision to ensure compliance with current securities law, stating that additional analysis is needed to assess the proposed rule change’s consistency with the law.
As the Ethereum market continues to attract significant investor interest, it is essential to stay informed about the latest developments. To stay up to date with the latest news and trends in the cryptocurrency market, subscribe to receive email alerts directly to your inbox. Additionally, make sure to follow The Daily Hodl on Twitter, Facebook, and Telegram for real-time updates and analysis.
In conclusion, the surge in funds flowing into Ethereum spot ETFs highlights the growing popularity and demand for exposure to the cryptocurrency market. With continued interest from investors and regulatory scrutiny from authorities, the future of Ethereum ETFs remains a topic of keen interest for market participants. Stay tuned for further updates on this evolving story.