Bitcoin and Ethereum Spot ETFs: December Brings Major Inflows

December Inflows for Bitcoin and Ethereum Spot ETFs: Key Insights

December kicked off on a high note for both Bitcoin and Ethereum spot ETFs, witnessing substantial inflows and highlighting investor confidence in these digital assets. On December 3, Ethereum spot ETFs saw a total net inflow of $133 million, marking a consistent streak of inflows for seven consecutive days.

Spot Ethereum ETFs on the Rise

The spot Ethereum ETF market is experiencing a significant surge. The net inflow for Fidelity’s ETF FETH was $73.7239 million, while BlackRock’s ETF ETHA saw an inflow of $65.2929 million. This brings the daily total net inflow to $132.65 million as of December 3. Cumulatively, the total net inflow for Ethereum spot ETFs reached $730.21 million, with a total value traded of $438.46 million and total net assets amounting to $11.22 billion. This figure represents 2.58% of Ethereum’s market cap, indicating a growing interest and investment in spot ETH ETFs.

Source: SoSoValue

The consistent inflows underscore the rising popularity of spot Ethereum ETFs, with the likes of BlackRock and Fidelity leading the charge. Investors are increasingly viewing these ETFs as a robust vehicle for gaining exposure to Ethereum, contributing to a significant boost in the spot Ethereum ETF price and overall market dynamics.

Spot Bitcoin ETFs Show Strong Performance

Not to be outdone, Bitcoin spot ETFs also demonstrated impressive performance. On December 3, the total net inflow for Bitcoin spot ETFs was $676 million, with a streak of inflows continuing for four consecutive days. BlackRock’s ETF IBIT reported a daily net inflow of $693 million, while Fidelity’s ETF FBTC had an inflow of $52.1747 million per day.

Source: SoSoValue

The daily total net inflow for Bitcoin spot ETFs stood at $675.97 million as of December 3. Cumulatively, the total net inflow reached $31.73 billion, with a total value traded of $2.93 billion and total net assets amounting to $104.25 billion. This represents 5.51% of Bitcoin’s market cap, underscoring the substantial investor interest in spot Bitcoin ETFs.

Comparing Bitcoin and Ethereum ETFs

When comparing Bitcoin vs Ethereum spot ETFs, it’s evident that Bitcoin has a more significant market presence, reflected in its higher total net assets and market cap percentage. However, Ethereum is quickly catching up, driven by continuous inflows and growing investor confidence. Both asset classes are crucial for diversifying investment portfolios, providing exposure to the volatile yet promising cryptocurrency market.