Ethereum ETF Inflows Continue Unabated for 16 Days

On December 16, inflows into spot exchange-traded funds based on Ethereum amounted to $51.1 million. Over the past 16 days, investors have poured $2.3 billion into these products.

Since the launch, these instruments have attracted $2.32 billion.

Assets Under Management have grown to $14.3 billion. The leaders are Grayscale’s ETHE ($5.87 billion) and BlackRock’s ETHA ($4.02 billion).

BTC-ETF

On December 16, inflows into BTC-ETF reached $636.9 million. This positive trend has continued for 13 consecutive days, with inflows totaling $5.96 billion during this period.

The cumulative inflow since the approval of BTC-ETF in January has reached $36.2 billion. 

Assets Under Management for these products have increased to $120.7 billion. IBIT accounts for 47.8% of this amount. Together with Grayscale’s GBTC and Fidelity’s FBTC, BlackRock’s exchange-traded fund has concentrated 84.6% of the sector’s funds.

According to calculations by Sygnum, each $1 billion inflow into BTC-ETF pushes Bitcoin up by 3-6%.

Earlier, Bloomberg analyst Eric Balchunas concluded that the assets of companies providing these instruments have surpassed the wealth of the creator of the first cryptocurrency, Satoshi Nakamoto.