Cryptocurrency

Ethereum Spot ETF Records $38.2M Outflow, Ending Inflow Streak

Ethereum ETF market overview and performance statistics for December 2023.

Ethereum Spot ETFs Weekly Summary

According to SoSoValue, Ethereum spot ETFs recorded a significant net outflow of $38.2 million from December 30 to January 3, ending a five-week streak of continuous inflows. However, despite this downturn, there were ETFs that continued to attract significant investor interest.

Highlights of the Week

Top Performers

  • Fidelity Ethereum ETF (FETH): This ETF achieved the highest weekly net inflow of $38.42 million, bringing its total historical net inflows to $1.6 billion.
  • BlackRock Ethereum ETF (ETHA): Secured the second-highest net inflow of $33.88 million, totaling its historical net inflows now at $3.56 billion.

Highest Outflows

  • Bitwise Ethereum ETF (ETHW): This ETF recorded a notable weekly net outflow of $56.11 million, although its total historical net inflows still stand at $345 million.

Current Market Position

The Total Net Asset Value (NAV) of Ethereum spot ETFs currently sits at $13.03 billion, reflecting their significance in the market.

Evidently, Ethereum ETFs represent 3.00% of Ethereum's total market value, showcasing their influence and relevance within the cryptocurrency ecosystem.

Cumulative Historical Net Inflows

The cumulative historical net inflows for Ethereum ETFs now total $2.64 billion, which underlines the robust investor interest despite the recent outflows. This trend shows that while certain ETFs may see temporary setbacks, overall, the market sentiment remains strong.

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