Ethereum ETFs Recorded Inflows of $2.1 Billion in December

Ethereum (ETH) spot exchange-traded funds (ETFs) closed out December with record monthly inflows, attracting $2.1 billion.

This figure is an 83% increase from the $1.2 billion that ETH ETFs attracted in November, according to SoSo Value data. Since their launch in July 2024, ETH ETFs have amassed a cumulative total of $2.6 billion in inflows and total net assets of $12.1 billion.

December's record inflows into ETH spot ETFs coincided with Bitcoin (BTC) trading near the $100,000 mark, reflecting a growing trend where investor interest shifts to ETH after BTC hits all-time highs, said Davis Richardson, a consultant at Paradox Public Relations, which is a member of the Government Blockchain Association.

Richardson added that other factors driving these inflows include a favorable regulatory environment in the U.S. under President-elect Trump and his incoming SEC pick, Paul Atkins. “Trump's 'World Liberty Financial' project has also been heavily purchasing Ethereum according to the wallet's on-chain transaction history,” he said.

Inflows and Outflows

BlackRock’s ETHA fund led the pack, attracting around $1.4 billion in December over 13 consecutive days of positive contributions, according to data from The Block. To date, ETHA has amassed a cumulative net inflow of $3.5 billion.

“Keep in mind, BlackRock hasn't even started marketing their Ethereum product yet, unlike their Bitcoin ETF,” Richardson said. “Once BlackRock starts marketing, we can expect even more inflows to continue."

Fidelity’s FETH fund followed with $752 million in inflows in December, bringing its cumulative net inflow to $1.6 billion. In contrast, Grayscale's ETHE reported net outflows of $274 million, dropping its cumulative net inflows to $600 million.

ETH’s ongoing inflow streak

ETH spot ETFs have experienced a consistent stream of inflows since Nov. 22, disrupted only by outflows on Dec. 19, Dec. 20, and Dec. 30, according to SoSo Value data. These outflows occurred as the Federal Reserve indicated a cautious outlook on further cuts for 2025, sparking a broad market selloff.

December's record-high net inflows also coincided with ETH's mid-month rally above $4,000 before it dropped to around $3,500 later in the month. As of writing, ETH is trading at $3,409, reflecting a 3% gain in the last 24 hours and a 2.4% increase over the past week, according to CoinGecko.