Ethereum ETF Records Highest Inflow on December 5: What About BTC

Ethereum ETF Record Inflows: Bitcoin ETF maintained Positive Momentum

On December 5, Ethereum spot ETFs recorded an unprecedented total net inflow of $428 million, marking a new milestone in the cryptocurrency market. This surge in Ethereum ETFs inflows signifies strong investor confidence in the digital asset. Notably, the BlackRock ETF ETHA led the inflows with $293 million per day, followed by the Fidelity ETF FETH with $114 million per day.

Record-Breaking Ethereum Spot ETF Inflows

The recent inflows into Ethereum spot ETFs have shattered previous records, with the cumulative total net inflow reaching $1.33 billion as of December 5. This includes the Ethereum spot ETF's previous record inflow of $332.92 million on November 29. As of the latest update, the total value traded stands at $778.71 million, and the total net assets amount to $12.51 billion, representing 2.71% of Ethereum's market cap.

Source: SoSoValue

Several key players have significantly contributed to this inflow. BlackRock, Grayscale, Fidelity, and Bitwise all recorded substantial inflows on December 5. Specifically, BlackRock reported inflows of $292.6 million, Grayscale documented $30.69 million, Fidelity saw $113.61 million, and Bitwise recorded $6.58 million in inflows. Apart from Ethereum ETF, Bitcoin Spot ETF also maintained a positive momentum. 

Bitcoin ETFs Maintain Positive Momentum

The Bitcoin spot ETF also demonstrated robust performance, with a total net inflow of $767 million on December 5, marking six consecutive days of net inflows. BlackRock's Bitcoin ETF IBIT stood out, recording a single-day net inflow of $771 million on December 5 and accumulating over $2.5 billion in the past five days. This substantial influx underscores the growing investor interest in Bitcoin ETFs.

Source: SoSoValue

The cumulative total net inflow for Bitcoin ETFs reached $33.06 billion, with a total value traded of $7.10 billion as of December 5. The total net assets for Bitcoin ETFs amount to $109.15 billion, constituting 5.57% of Bitcoin's market cap.

Future Outlook for ETFs

The current performance of both Ethereum spot ETFs and Bitcoin ETFs indicates a bullish sentiment among investors towards the cryptocurrency market. The record-breaking inflows into Ethereum ETFs and the consistent inflows into Bitcoin ETFs suggest a growing acceptance and confidence in these digital assets.

These trends highlight the potential for further growth and adoption of cryptocurrency ETFs. As more investors turn to these financial instruments, the market is likely to see continued expansion and integration of digital assets into mainstream investment portfolios.