Ethereum spot ETFs witness increased institutional interest, recording a $145 million net inflow.
According to statistics from SoSoValue, Ethereum (ETH) spot ETFs had a notable net inflow of $145 million on Dec. 17, indicating growing institutional trust in financial instruments backed by Ethereum.
With a notable $135 million inflows on the day, BlackRockโs ETHA topped the inflows and now has the most net inflow of Ethereum spot ETF at $3.365 billion. With a net influx of $4.45 million, Grayscaleโs ETH, a major participant in the ETF market, increased its previous net inflow to $616 million.
With $5.72 billion in cumulativeย net assets, Grayscaleโs ETHE ETF remains dominant despite yesterdayโs lack of new inflows, maintaining a cumulative net outflow of $3.517 billion.
Ethereum spot ETFs now have a $14.04 billion net asset value, which is equivalent to 2.96% of Ethereumโs entire market capitalization which is around $461.51 billion at the time of writing. As Ethereum continues to solidify its place in the digital asset market, institutional participation is increasing, as seen by the total net inflow across all Ethereum spot ETFs, which has now surpassed $2.46 billion.
As investors look to get exposure to Ethereumโs core technology and growing ecosystem, the continuous capital inflows indicate growing confidence in the cryptocurrencyโs position in the changing environment.
