Ethereum spot ETF net inflow reaches $145m

Ethereum spot ETFs witnessed increased institutional interest and recorded net inflows of $145 million.

According to statistics from SoSoValue, Ethereum (ETH) spot ETFs achieved a significant net inflow of $145 million on December 17; This shows that institutional trust in financial instruments powered by Ethereum is increasing.

BlackRock’s ETHA topped inflows with a notable inflow of $135 million on the day and now has the net inflows of the Ethereum spot ETF at $3.365 billion. Grayscale’s ETH, a major participant in the ETF market, increased its previous net flow to $616 million with a net inflow of $4.45 million.

With cumulative net assets of $5.72 billion, Grayscale’s ETHE ETF remains dominant despite yesterday’s lack of new inflows, maintaining a cumulative net outflow of $3.517 billion.

Ethereum spot ETFs now have a net asset value of $14.04 billion; This is equivalent to 2.96% of the entire market cap of Ethereum, which is approximately $461.51 billion at the time of this writing. As Ethereum continues to solidify its place in the digital asset market, institutional participation is also increasing, as total net inflow across all Ethereum spot ETFs is now seen to exceed $2.46 billion.

The steady flow of capital shows growing confidence in the cryptocurrency’s position in the changing landscape as investors seek to access Ethereum’s underlying technology and growing ecosystem.