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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, BlackRock’s 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, Grayscale’s ETH, a major participant in the ETF market, increased its previous net inflow to $616 million.
With $5.72 billion in cumulative net assets, Grayscale’s ETHE ETF remains dominant despite yesterday’s 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 Ethereum’s 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 Ethereum’s core technology and growing ecosystem, the continuous capital inflows indicate growing confidence in the cryptocurrency’s position in the changing environment.
This article first appeared at crypto.news
