As per analysts and market watchers, the launch of crypto-focused spot ETFs has helped the market reach new heights in the previous years. According to the data from SoSoValue, Ethereum spot ETFs have gathered huge attention, and the total inflow in December doubled to that in November 2024.
It is worth noting that the performance of ETHA the Ether spot ETF by BlackRock has remained one of the most preferred ETFs in this category.
Additional data notes that the list of inflows is led by BlackRock’s ETHA which lured $1.4 billion in fresh funds in December 2024, followed by Fidelity with $752 million in positive flow. Despite this inflow, GrayScale continues to reflect a severe outflow of $274 million.
As of writing the total inflow of ETH GrayScale was $9.77 million and the inflow of FETH by Fidelity was $31.7 million, yet ETHE by GrayScale remains red with an outflow of $5.61 million.
Updates of Bitcoin spot ETF market
Until publishing IBIT the BTC spot ETF by BlackRock was in red with a recorded outflow of $23.45 million, at the same time the outflow of GBTC by GrayScale was $9.36 million, and further by ARKB which saw an outflow of $11.23 million.
In terms of trading prices BRRR is at $26.45, followed by BTC by GrayScale at $41.87, Bitwise’s Bitcoin ETF is valued at $50.85, and IBIT is available at the price of $53.05.
Could Bitcoin spot ETFs surpass Bitcoin itself?
Since the beginning of 2024 to the last date, the concept of the spot has gathered massive traction gathering millions of new investors and billions in fresh funds.
However, after the massive popularity of Bitcoin and Ethereum spot ETF these cryptocurrencies have seen a staggering growth in prices and trading volume which is currently known as the primary factors behind the adoption.
Despite $20 billion in withdrawals from Grayscale Bitcoin Trust (GBTC), U.S. Bitcoin ETFs as a whole had net inflows of nearly $35 billion for the year.
A good environment for ETF development was produced by the 2024 cryptocurrency market boom, which was partially ascribed to Donald Trump’s victory in the presidential election.
Nate Geraci, president of the ETF Store, described the BlackRock ETF launch as the most successful in history after noticing the IBIT Bitcoin ETF’s better performance. The Bitcoin spot ETF, which debuted on January 11, 2024, has grown to be one of the most successful ETFs ever, according to a recent article from Bloomberg.
Crypto Market Price Updates
Until publishing the cryptocurrency market capitalization was $3.41 trillion with an intraday addition of 4.24 percent, Bitcoin price grew 3.46 percent reaching $96,486.
The trading volume of the wider market has surged over 13.91 percent reaching $112.61 billion. Ethereum has reflected a positive outlook adding 4.10 percent to its prices, now trading at $3,465.
According to the data from CoinMarketCap, the intraday gainer list is ruled by Fartcoin as it grew over 35 percent reaching $1.35 followed by Stellar, Bittensor, and a few others.
