Ethereum Spot ETFs Surge as Bitcoin’s Grayscale Trust Struggles with Outflows

• Ethereum spot ETFs show consistent growth, with a $51M inflow on December 16, reflecting strong investor confidence.
• BlackRock’s Ethereum ETF leads with a $30M inflow in one day, while Bitcoin’s GBTC struggles with $21B in outflows.
• Ethereum’s net assets rise steadily to $14.1B, signaling positive market sentiment, unlike Bitcoin’s stagnating GBTC.

Ethereum spot ETFs have shown impressive growth, with the latest data revealing a consistent net inflow over 16 days. On December 16, 2024, the total net inflow reached $51.1256 million. The largest inflow occurred in BlackRock’s Ethereum ETF (ETHA), which saw $30.7235 million in a single day. 

Investor trust in Ethereum’s potential is shown in this trend in Ethereum investment. The Grayscale Bitcoin Trust (GBTC) for Bitcoin is still experiencing large outflows in spite of these encouraging developments in Ethereum.

Ethereum Spot ETFs: A Steady Growth Trend

The market activity for Ethereum ETFs remained robust in December 2024. On December 9, 2024, the total net inflow surged to $150 million. Over the next few days, this growth continued, with net inflows reaching over $300 million on December 10 and December 12. These spikes in inflows are visually represented by the green bars on the graph. 

The total net assets also increased steadily, moving from $13.6 billion on December 9 to $14.1 billion by December 13. Ethereum’s price showed consistent growth throughout this period, rising from approximately $4,000 to $4,043 by December 17.

The overall trend in Ethereum ETFs suggests a positive market outlook. The white line, which tracks Ethereum’s price, confirms this steady upward movement. The blue line representing total net assets also follows a similar trajectory, indicating sustained interest in Ethereum investment. This data reflects investor confidence in Ethereum’s future prospects and its growing appeal as a regulated investment asset.

Grayscale Bitcoin Trust Faces Challenges

However, Grayscale Bitcoin Trust (GBTC) faces mounting challenges. Since its launch in January 2024, GBTC has recorded $21 billion in outflows. The Bitcoin ETF has struggled with negative net investment flow, a situation worsened by average daily outflows of $89.9 million over the past 11 months. 

The Bitcoin ETF market has flourished outside of GBTC, attracting over $35.5 billion in investments within just one year. This discrepancy highlights the growing demand for regulated Bitcoin exposure, while GBTC continues to see investor withdrawals.