- Ethereum spot ETFs have surpassed $1 billion in cumulative net inflows.
- BlackRock (ETHA) led the ETF inflow by adding 257,300 ETH in nine days.
- Ethereum ETF inflow surge tallies with ETH’s price rally in the crypto market.
US Ethereum spot ETFs have surpassed $1 billion in cumulative net inflows after just 96 trading days, according to data from Spot On Chain, an AI-powered market analysis platform. December 5th stands out as a record-breaking day, with ETH ETFs recording a massive inflow of $434.6 million.
Leading up to December 5th, US Ethereum spot ETFs saw their longest streak of consistent net inflows – a full nine days with no negative flows. This marks the longest such period since these products launched. BlackRock’s ETHA led the charge, adding 257,300 ETH (about $946.6 million) during this streak and bringing its total ETH holdings to a whopping 837,500 ETH (worth roughly $3.27 billion).
Spot On Chain’s report shows a recovery for these ETF products after a six-day period of negative inflows. This negative streak followed a previous six-day period of positive inflows, highlighting the fluctuating nature of digital asset markets. Just like the crypto market itself, the ETF ecosystem experiences periods of gains and losses, reflected in net inflows and outflows.
Ethereum Spot ETFs: A Growing Market
While capital flows in the Ethereum spot ETF market can be volatile, the overall trend points to growth. Spot On Chain’s data shows inflows exceeding outflows, leading to an overall increase in assets held by these ETF products.
Read also: Ethereum ETFs Gain Institutional Backing, Pushing ETH to $3,600
This inflow trend aligns with the recent performance of the crypto market, particularly Ethereum, which has rallied significantly since last month. Ethereum is up over 67% in the past month, even with some minor pullbacks along the way. The leading altcoin has regained its bullish momentum, breaking above key resistance levels to trade at $3,891 at the time of writing, according to TradingView data.
Many analysts believe Ethereum’s price will continue to climb. Continued capital inflows into Ethereum spot ETFs would support these bullish expectations and contribute to the overall growth of the Ethereum ecosystem.
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