The amount of money that investors poured into Ethereum spot ETFs (Exchange-Traded Funds) in December reached a record high.
The crypto-research platform SoSo Value reports that the Ethereum ETF spot totaled $2.10344 Billion in influxes last month.
This number is 81.5% the total cumulative net inflow of $2.58billion since the launch of this financial product.
In December, the monthly net flow into Ethereum ETFs was nearly double that of November ($1.07776bn).
Data also indicates that Fidelity’s Ethereum Fund (FETH), with its $1.58 billion net inflow, has had the largest net outflow since it was listed.
Grayscale Ethereum Mini Trust is the next largest with 601.04 millions, followed by Bitwise Ethereum ETF (ETHW) at $345.02million, VanEck Ethereum Trust(ETHV) on $127.79million and Franklin Ethereum Trust with 37.65million.
The Ethereum ETFs were launched in July, with a volume of nearly 600 million dollars by the end of its first day.
In November, the U.S. Securities and Exchange Commission announced that they would delay their decision until it was certain that any proposed changes to securities laws were in compliance.
” This Commission has initiated proceedings in order to conduct a more thorough analysis on the rule change proposed and its compatibility with [the Law].”
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Sources of Images include Pixabay Creative Commons & Midjourney
This article Ethereum Spot Fund Inflows Reached a Record Monthly Low of $1,104,440 in December first appeared on The ICD.
