As of the last trading day, spot Ethereum $3,910 ETFs reached record levels of net inflows for the week. Between December 9 and December 13, a total of $855 million in net inflows was recorded for spot Ethereum ETFs. This significant increase highlights the intense interest in these products in the United States.
BlackRock and Fidelity Lead the Charge
A substantial portion of the record weekly net inflows was driven by BlackRock and Fidelity. The spot Ethereum ETF offered by BlackRock, using the ETHA ticker, topped the weekly net inflow chart with $523 million. Fidelity’s ETF, FETH, followed closely with a noteworthy $259 million net inflow. The contributions of these two major players are crucial to the market liquidity of Ethereum.
These net inflows illustrate the growing appeal of the spot Ethereum ETF market. Investors are seizing the opportunity to access the Ethereum market, particularly through regulated products. Institutional investors especially prefer these ETFs for their investment strategies.
Strong Demand for Ethereum ETFs Continues
Experts suggest that the strong demand for spot Ethereum ETFs will continue to rise. Despite uncertainties in the cryptocurrency market, regulated ETFs offer investors a more reliable option. This is seen as a significant advantage for large-cap cryptocurrencies like Ethereum.
The impact of these net inflows on Ethereum’s market price is also being closely monitored. Although there hasn’t been a noticeable increase in the price of Ethereum’s main network asset, ETH, this demand for ETFs may attract more institutional interest in the long run. This development is viewed positively as a critical step toward market maturity and broader access to Ethereum for a wider range of investors.