Spot ETFs News: Bitcoin and Ethereum Spot ETFs Recorded Inflows

Ethereum and Bitcoin Spot ETFs See Significant Net Inflows in December

Recent data highlights significant movements in the cryptocurrency market, particularly concerning Bitcoin and Ethereum spot ETFs. Both cryptocurrencies have witnessed substantial net inflows, underscoring growing investor interest and market activity. The continued net inflows into both Bitcoin and Ethereum spot ETFs underscore the broader trend of increasing institutional investment in cryptocurrencies. 

Ethereum Spot ETF Surge

On December 4, the Ethereum spot ETF recorded a total net inflow of $168 million. This marked the eighth consecutive day of net inflows for Ethereum, reflecting a consistent upward trend. Among the notable ETFs, BlackRock’s ETHA had a single-day net inflow of $124 million, while Fidelity’s FETH saw an inflow of $40.6772 million. Cumulatively, the Ethereum spot ETF has amassed a total net inflow of $897.82 million.

Source: SoSovalue

As of December 4, the daily total net inflow stood at $167.62 million, with the total value traded reaching $1.07 billion. The total net assets for Ethereum spot ETFs amounted to $12.26 billion, representing 2.62% of Ethereum's market cap. Following BlackRock and Fidelity, Grayscale joined the race, recording an $8.79 million net inflow in a day. At the time of writing, Ethereum was trading at $3,856.37, experiencing an intraday surge of over 5% with a market cap of $464.11 billion.

Bitcoin Spot ETF Inflows

In comparison, Bitcoin spot ETFs have shown even more impressive figures. On December 4, Bitcoin spot ETFs had a total net inflow of $557 million, continuing a five-day streak of net inflows. BlackRock’s IBIT ETF reported a single-day net inflow of $572 million, showcasing strong investor confidence.

Source: SoSoValue

The daily total net inflow for Bitcoin stood at $556.82 million as of December 4, with the cumulative total net inflow reaching $32.29 billion. The total value traded was $4.71 billion, while the total net assets for Bitcoin spot ETFs amounted to $108.23 billion, representing 5.54% of Bitcoin's market cap. Following BlackRock and Fidelity, Bitwise and Grayscale recorded net inflows of $6.44 million and $55.71 million, respectively. At the time of writing, Bitcoin was trading at $103,158.53, with an intraday surge of 7% and a market cap of $2.04 trillion.

Comparing Bitcoin and Ethereum Spot ETFs

The comparison between Bitcoin and Ethereum spot ETFs reveals a few key insights. While both have seen substantial inflows, Bitcoin spot ETFs have outpaced Ethereum in terms of cumulative total net inflows and total net assets. Bitcoin’s spot ETFs hold a larger percentage of its market cap compared to Ethereum’s. However, both cryptocurrencies are attracting significant investor interest, indicating robust market activity and confidence in these digital assets.

The inflows into Bitcoin and Ethereum spot ETFs highlight the growing acceptance and investment in cryptocurrency markets. With major players like BlackRock, Fidelity, Bitwise, and Grayscale leading the way, the future of spot ETFs for both Bitcoin and Ethereum looks promising.