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According to data from Farside Investors, Ethereum
$3,398.62
-focused exchange-traded funds (ETFs) attracted over $2.6 billion in net inflows during December 2024.
This surge reflected a growing interest in Ethereum-based products, even though Bitcoin
$95,351.56
ETFs continued to dominate the market.
For eight consecutive weeks through November and December, Ethereum ETFs saw steady inflows, including $2.2 billion in the last week of November.
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Among Ethereum ETFs, BlackRock’s iShares Ethereum Trust (ETHA) led the market, which brought in $3.5 billion in net inflows throughout the year. Fidelity Ethereum Fund (FETH) followed with $1.5 billion.
However, these gains were partially reduced by $3.6 billion in net outflows from Grayscale Ethereum Trust (ETHE). Launched in 2017, ETHE started as a non-listed trust, which charged a 1.5% management fee. In July 2024, Grayscale introduced a more affordable option, the Ethereum Mini Trust.
Despite this momentum, Bitcoin ETFs remained far ahead. These ETFs amassed over $35 billion in net inflows during 2024, Farside noted.
BlackRock’s iShares Bitcoin Trust (IBIT) collected $37 billion in net inflows for the year. However, Grayscale Bitcoin Trust (GBTC) experienced outflows of over $20 billion.
Meanwhile, according to a report from IntoTheBlock, the number of Ethereum long-term investors grew in 2024, while Bitcoin’s holders fell during the same period. How much was the growth? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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