Ethereum ETFs Shine Bright: A December Surge Amidst Bitcoin Challenges

Surge in Ethereum ETF Inflows
In December 2024, Ethereum exchange-traded funds (ETFs) saw significant inflows, showing a changing trend in investor interest compared to Bitcoin ETFs. At the beginning of December, Ethereum ETFs experienced a surge, with the highest single-day inflows of $428.5 million on December 6. This marked a notable recovery since the funds were launched in July, bringing total inflows to over $1 billion by early December. The strong interest from investors continued throughout December, with $130.8 million flowing in on December 23 and an additional $53.6 million on December 24. By late December, Ethereum ETFs had gathered about $2.46 billion in total inflows since they began, with a large portion of this amount coming in just December.

Contrasting Trends with Bitcoin ETFs
In contrast, Bitcoin ETFs faced significant outflows. They lost around $1.2 billion over a three-day period, including a record outflow of $680 million on December 19. This difference suggests that more investors were leaning towards Ethereum during this time. Overall, the strong performance of Ethereum ETFs in December highlights a clear interest in the asset, especially when compared to the difficulties faced by Bitcoin ETFs.