Launched a little over 6 months ago in the United States, the Ethereum spot ETFs had a very timid start. However, the trend seems to have reversed. Since Donald Trump won the US presidential elections, these ETFs have outperformed, recording daily net inflows very regularly.
Ethereum spot ETFs conclude their year 2024 in style
That's what it's called ending your year in style. In December, spot Ethereum (ETH) ETFs recorded their largest monthly net inflows since their launch at the end of July 2024.
The 9 spot ETH ETFs generated $2.08 billion in net inflows on all the days of negotiations last month. This is double the monthly net inflows recorded by these funds in November, which amounted to at just over a billion dollars.
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Blackrock’s iShares Ethereum Trust (ETHA) literally carried these ETFsaccumulating alone $1.4 billion of net inflows in December and recording a series of 13 consecutive days of net inflows. On the podium, we find the Fidelity Ethereum Fund (FETH) with $752 million of net inflows and the Grayscale Ethereum Trust and its $274 million positive net inflow.
Thanks to the months of November and December, Ethereum spot ETFs managed to reverse the trend. Indeed, since their arrival on American soil, these ETFs struggled to consistently see net inflows. So that as of November 5, 2024, they had accumulated $554 million in net outflows.
However, since November 6, the date of the announcement of the election of Donald Trump as President of the United States, investors have become increasingly interested in spot ETH ETFs. Thus, between November 22 and December 31, 2024, Ethereum spot ETFs did not experience only 3 days of negotiations with net outflows, compared to 23 with net inflows.
Thanks to these very good results, at the end of 2024, the cumulative net inflows of spot ETH ETFs were more than $2.6 billiona far cry from the $554 million in net outgoing flows 2 months ago.
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What future for Ethereum spot ETFs and crypto ETFs in 2025?
The good results of Ethereum spot ETFs coincided with the excitement experienced by the cryptocurrency market during part of November and December. The price of Ether regained color during this period.
Cryptocurrency even managed to cross twice the $4,000 mark, December 7 and 17. Right now, Ether is trading at just under of 3,500 dollarsa price 60% higher than at the beginning of November.
For analysts, this launch year was encouraging for spot Ethereum ETFs and spot Bitcoin ETFs. The upcoming inauguration of Donald Trump as the 47th president of the United States could have a positive impact on the future of ETFs backed by cryptocurrencies.
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Bloomberg analysts Eric Balchunas and James Seyffart said investors will be offered a wider choice of crypto ETFs in 2025. Thus, ETFs mixing Bitcoin and Ether could see the light of day, as could Litecoin ETFs, a fork of Bitcoin. It was only later that XRP ETFs and Solana ETFs will arrive on the American market.
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Source: SoSoValue
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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