As of December 2024, Ether (ETH)-based exchange-traded funds (ETFs) have seen net inflows exceeding $2.6 billion, marking a significant milestone for these crypto products. This performance reflects growing interest in Ether ETFs, despite lagging behind Bitcoin ETFs, which closed the year with net inflows of over $35 billion.
Crypto: Ethereum ETFs End 2024 With 2.2 Billion Net Inflows
Crypto data shows that Ether ETFs saw eight consecutive weeks of net inflows in November and December 2024, peaking with a record $2.2 billion the week of November 26. Among the top funds, BlackRock's iShares Ethereum Trust (ETHA) attracted over $3.5 billion in net inflows in 2024, followed by the Fidelity Ethereum Fund (FETH) with $1.5 billion. In contrast, the Grayscale Ethereum Trust (ETHE) suffered net outflows of $3.6 billion.
This dynamic could increase in 2025, especially if ETH price performance improves ETF returns and regulators allow funds to generate returns from staking. Since November, ETH has outperformed BTC in the spot and derivatives markets, according to a December report from Bybit. In addition, the growing activity of the crypto network, in particular thanks to the proliferation of artificial intelligence agents, could further propel the performance of Ether.
Future outlook
Crypto analysts estimate that the spot price of Ether could reach $6,000 by the fourth quarter of 2025. This optimistic forecast is supported by increasing activity on the Ethereum network and Base, a network of layer 2 scaling of Ethereum, where many AI agents currently operate.
In sum, record net inflows into Ether ETFs in December 2024 signal growing institutional interest in ethereum. If this trend continues, ETH could well rival BTC in terms of popularity and performance in crypto markets in 2025.
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