Ethereum Spot ETFs Show Growing Institutional Confidence With $145M Raised

Spot ETH exchange-traded funds have seen a significant inflow of $145 million, demonstrating growing interest from institutional investors.

According to SoSoValue, December 17 was a big day for Ethereum, as its spot ETFs saw net inflows of $145 million, indicating growing institutional interest in cryptocurrency financial instruments.

The biggest contributor to this success was BlackRock with its ETHA ETF, which attracted $135 million in a single day. The total amount of net inflows for this fund has now reached $3.365 billion. Meanwhile, Grayscale’s ETH also strengthened its position, adding $4.45 million, which increased its total net inflows to $616 million.

Despite the lack of new inflows on December 17, Grayscale’s ETHE ETF remains the market leader with accumulated assets of $5.72 billion. At the same time, this ETF recorded total net outflows of $3.517 billion.

The combined net asset value of all Ethereum ETFs now stands at $14.04 billion, which is equal to 2.96% of the total Ethereum market cap, which is approximately $461.51 billion.

This trend demonstrates the growing confidence in Ethereum as a financial asset. Institutional investors are actively seeking opportunities to participate in the developing ecosystem and believe in the key role of this cryptocurrency in the future digital economy.