Bitcoin and Ethereum Spot ETFs Show Diverging Flows in Early December
Ethereum spot ETFs recorded $178 million net inflows on December 9, driven by Fidelity and Grayscale, marking a sharp rise compared to earlier December activity.
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ETH
Summary
On December 9, Ethereum spot ETFs saw total net inflows of $178 million, according to SoSoValue. Fidelity’s Ethereum ETF (FETH) led with $51.47 million, bringing its historical inflows to $2.674 billion. Grayscale’s Ethereum ETF followed with $45.19 million, raising its cumulative inflows to $1.513 billion. The increase marks a notable acceleration from the previous day’s $35.49 million inflows, highlighting strong investor interest in Ethereum-based products amid diverging trends with Bitcoin ETFs.
Terms & Concepts
- Ethereum Spot ETF: An exchange-traded fund that directly holds Ethereum, enabling investors to gain exposure to its price without owning the cryptocurrency.
- Net Inflows/Outflows: The net change in invested capital in a fund, calculated as total deposits minus withdrawals over a specific period.