Ethereum ETFs See Record Inflows: Latest Market Update

Hey there! Big news in the world of cryptocurrencies – a whopping $428.5 million U.S. poured into spot Ethereum exchange-traded funds (ETFs) on Dec. 5. It seems like people are getting more interested in trading Ethereum as cryptocurrencies keep gaining momentum, especially with Bitcoin hitting over $100,000 U.S. for the first time.

The majority of the inflow into Ethereum ETFs came from BlackRock’s ETHA, which saw a record $292.7 million U.S. coming in. Over the past five days, Ethereum ETFs have seen nearly $800 million U.S. in net inflows, as reported by Farside Investors. It’s clear that investors are feeling optimistic about Ethereum, the second-largest cryptocurrency by market capitalization, which has surged 60% over the past month to reach $3,900 U.S.

But that’s not all – Bitcoin ETFs have also experienced significant inflows in the past week, with around $766.7 million U.S. going into a variety of exchange-traded funds. The leading player in Bitcoin inflows was BlackRock’s iSharesBitcoinTrust, bringing in $770.5 million U.S. in net inflows. Since its launch in January of this year, the BlackRock Bitcoin Trust has collected a remarkable $50 billion U.S.

Currently, the price of Bitcoin hovers around $98,000 U.S. after peaking at just above $103,000 U.S. recently. It’s certainly an exciting time in the world of cryptocurrency investment.