Performance of Ether ETFs in December 2024
Data reveals that Ether ETFs recorded eight consecutive weeks of net inflows from November to December 2024, with the week of November 26 reaching a peak of $2.2 billion. This momentum highlights growing investor confidence in Ether-based ETFs.
Top Performing Ether ETFs in 2024
Among the major funds, several Ether ETFs saw impressive growth:
- iShares Ethereum Trust (ETHA) from BlackRock: Attracted over $3.5 billion in net inflows in 2024.
- Fidelity Ethereum Fund (FETH): Received $1.5 billion in net inflows.
- Grayscale Ethereum Trust (ETHE): Experienced net outflows of $3.6 billion.
What’s Driving the Growth in Ether ETFs?
The growth in Ether ETF inflows could intensify in 2025, particularly if ETH’s price performance strengthens ETF returns. Moreover, regulatory developments allowing funds to generate returns through staking could further boost these products.
Since November 2024, ETH has outperformed Bitcoin (BTC) in both the spot and derivatives markets, according to a December report from Bybit. The increased activity within the Ethereum network, partly driven by the rise of artificial intelligence agents, could contribute to Ether’s future growth.
Future Outlook for Ether ETFs and Ethereum
Crypto analysts are optimistic about Ether’s future performance, with some predicting that the spot price of Ether could hit $6,000 by the fourth quarter of 2025. This optimistic outlook is fueled by the growing activity on the Ethereum network and the proliferation of AI applications on Ethereum’s Layer 2 scaling network, Base.
Summary
The record net inflows into Ether ETFs in December 2024 signify a growing institutional interest in Ethereum. If this trend continues, Ether (ETH) could emerge as a strong competitor to Bitcoin (BTC) in terms of popularity and performance in the crypto markets by 2025.
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