According to data from Sosovalue, Ethereum spot exchange-traded funds (ETFs) had a notable uptick on Monday, recording a total nett inflow of $51 million. This is the 16th day in a row that inflows have been positive, indicating that investor interest in Ethereum-backed financial products is increasing.
With a single-day nett inflow of $30.7 million, BlackRock’s Ethereum spot ETF, which is traded under the ticker “ETHA,” topped the market. This demonstrates the growing institutional trust in Ethereum as a profitable investment.
Ethereum ETF Continues to Grow
Ethereum spot ETFs saw record-breaking inflows of $855 million between December 9 and December 13, solidifying Ethereum’s place in the larger cryptocurrency market. Due to Bitcoin’s incredible surge to new all-time highs around $107,000, Ethereum’s price surged past $4,100 on Monday for the first time this year.
Speculation that the incoming Trump administration would create a strategic Bitcoin reserve by 2025 is another factor fueling market euphoria. The whole cryptocurrency market has benefited from this narrative, including Ethereum, which is still enjoying the advantages of its own optimistic view.
The introduction of spot ETFs has given investors a simplified and regulated means of accessing Ethereum, which has helped to sustain capital inflows in recent weeks.
Dominance of Institutions
The significant influence that big asset managers have on the development of the cryptocurrency investment market is demonstrated by BlackRock’s commanding performance on December 16. According to research by Blockhead, ETF inflows have been steady for the past two weeks, with Ethereum receiving $51 million in new institutional support and Bitcoin drawing $637 million. This institutional support has played a significant role in propelling cryptocurrency markets to reach all-time highs.
On-chain data also suggests that big players, or “whales,” are controlling Ethereum’s market dynamics more and more. According to Blockhead’s analysis, there is strong trust in Ethereum’s long-term performance, since 104 Ethereum whales currently own 57.35% of the entire ETH supply. This optimistic attitude is further supported by growing transaction volumes and network fees.
