Ethereum ETF Inflows in December

Ethereum ETF inflows have accelerated significantly in December, with providers recording $1.66 billion in new investments, representing 74% of the $2.24 billion total inflows since inception.

Leading Providers

BlackRock's iShares Ethereum Trust (ETHA) leads the pack, with inflows reaching a single-day high of $292 million on Dec. 5, showcasing the asset manager's influence in the crypto ETF space.

Fidelity's FETH stands as the second most popular choice, though it typically has lower inflows compared to BlackRock's offering. Other ETH ETF providers have experienced relatively modest investor interest, contrasting with the broader distribution of inflows seen in Bitcoin ETF products.

Current Landscape

The current ETH ETF landscape shows a concentrated market structure. Total assets under management across all Ethereum ETF products currently stand at approximately $11 billion.

Grayscale's ETHE maintains a substantial presence, accounting for over $5 billion of the total AUM. However, this situation is evolving, as ETHE has experienced continued outflows in recent weeks.

Institutional Preferences

Recent inflow patterns suggest a growing institutional preference for exploring different crypto assets beyond Bitcoin. These substantial inflows occur as Ethereum's market capitalization hovers around $474 billion, indicating increasing institutional comfort with crypto assets outside of Bitcoin.

The ratio of ETF inflows to market cap suggests growing institutional confidence in Ethereum as a financial asset. The concentration of flows in major providers like BlackRock points to a preference for traditional financial infrastructure when accessing crypto markets.

This content is an excerpt from The Block's Data & Insights newsletter. Explore the numbers that shape the industry's most thought-provoking trends.