Introduction
In December 2024, spot Ethereum ETFs in the US reached a historic milestone with $2 billion in monthly inflows. This figure nearly doubled November’s $1.1 billion showing a sharp rise in institutional interest in Ethereum-backed investment products. As cryptocurrencies integrate into traditional finance these ETFs demonstrate their growing importance in global markets.
Ethereum ETF flows in December 2024 | Source: TheBlock
Key Takeaways
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Spot Ethereum ETFs in the U.S. recorded over $2 billion in inflows during December 2024, nearly doubling November's $1.1 billion.
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BlackRock's ETHA led the inflow surge with $1.4 billion, followed by Fidelity's FETH with $752 million. Grayscale's ETHE fund faced $274 million in outflows.
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December inflows brought cumulative net inflows for Ethereum ETFs to $2.6 billion, with total assets under management (AUM) reaching $12 billion, representing over 3% of Ethereum’s market cap.
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U.S. spot Bitcoin ETFs saw $4.5 billion in inflows during December, lower than November’s record $6.6 billion but still significant.
BlackRock’s ETHA ETF ETH Investments in the last 48 Hours. Source: X
BlackRock’s ETHA Leads with $1.4 Billion in Inflows
BlackRock’s Ethereum ETF ETHA dominated December’s inflows with $1.4 billion of the $2 billion total. Inflows peaked during the second week of December as the broader crypto market rallied. Fidelity’s Ethereum ETF FETH followed closely with $752 million in net inflows almost doubling its $400 million in November.
Grayscale’s ETHE fund struggled with $274 million in net outflows during December. These outflows spiked in the final week as competitive ETFs like ETHA and FETH gained popularity. The shift highlights the challenges faced by older funds in adapting to a more competitive market.
Read More: BlackRock's Billion-Dollar Crypto Strategy: Why Bitcoin and Ethereum Dominate the Portfolio
Ethereum ETFs Reach $12 Billion in Assets Under Management
Source: The Block
By December 31, 2024 Ethereum ETFs in the US had cumulative inflows of $2.6 billion. Total assets under management AUM reached $12 billion representing over 3% of Ethereum’s $395 billion market cap. This marked a 28 % rise from November’s $9.4 billion AUM.
Ethereum ETFs are becoming critical for institutional portfolios offering regulated exposure to ether without the need for direct ownership. Their rapid growth reflects Ethereum’s role in blockchain innovations like decentralized finance, DeFi smart contracts and non-fungible tokens NFTs.
Read More: Ethereum ETFs Surge to $2.6B, Aave Hits Record Deposits of $33.4B, and NFTs Rebound: Jan 2
Spot Bitcoin ETFs Maintain Momentum
While Ethereum ETFs hit record inflows, spot Bitcoin ETFs in the US also performed strongly. December saw $4.5 billion in net inflows although this was lower than November’s all-time high of $6.6 billion. Bitcoin ETF inflows peaked in early December driven by optimism around regulatory clarity and market recovery.
The performance of both Bitcoin and Ethereum ETFs shows a diversification trend among investors. Bitcoin ETFs remain dominant with AUM exceeding $60 billion by the end of December. Ethereum ETFs are rapidly gaining ground becoming a viable alternative for institutional investors.
Read More: Ethereum ETFs BlackRock and Fidelity Fuel $500 Million in Two Days
Broader Market Implications
The $2 billion in December inflows for Ethereum ETFs underscores their growing significance in crypto markets. Ethereum-backed funds contribute to liquidity and market stability while reflecting rising confidence in Ethereum as a long-term investment.
BlackRock and Fidelity have gained market share by offering lower fees and better liquidity. This has pressured older funds like Grayscale’s ETHE to innovate or risk losing relevance in the evolving ETF landscape.
Conclusion
December 2024 was a pivotal month for Ethereum ETFs with record inflows of $2 billion almost doubling November’s $1.1 billion. BlackRock’s ETHA led with $1.4 billion followed by Fidelity’s FETH with $752 million. Grayscale’s ETHE faced $274 million in outflows showing the competitive pressures in the ETF market.
By December 31st, Ethereum ETFs reached $12 billion in AUM accounting for over 3% of Ethereum’s market cap. Bitcoin ETFs maintained strong performance with $4.5 billion in inflows for December. These milestones highlight the growing adoption of crypto ETFs and their transformative role in digital asset investment as we enter 2025. Ethereum and Bitcoin ETFs remain central to blockchain-driven financial innovation.
