Ether ETFs record $2.6B in December net inflows

Ether (CRYPTO:ETH) exchange-traded funds (ETFs) saw net inflows totaling $2.6 billion in December 2024, continuing eight consecutive weeks of positive inflows, according to data from Farside Investors and CoinShares.

This included a record $2.2 billion during the week of Nov. 26, signaling growing investor interest in Ether-backed products.

Despite these gains, Ether ETFs remain behind Bitcoin (CRYPTO:BTC) ETFs, which closed 2024 with over $35 billion in net inflows.

However, analysts suggest that Ether ETFs could gain momentum in 2025, particularly if Ether’s price outpaces Bitcoin and regulators allow staking-related yields within ETFs.

Among Ether ETFs, BlackRock’s iShares Ethereum Trust (ETHA) led with $3.5 billion in net inflows for 2024, followed by Fidelity’s Ethereum Fund (FETH) with $1.5 billion.

Meanwhile, Grayscale’s Ethereum Trust (ETHE) faced $3.6 billion in net outflows, partly due to its 1.5% management fee.

In July, Grayscale introduced a lower-cost alternative, the Ethereum Mini Trust.

Ether’s performance has outshone Bitcoin since November, according to a report by Bybit.

This trend coincided with Bitcoin ETFs experiencing significant net outflows on Dec. 19, while Ether benefited from increasing network activity.

Matt Hougan, Bitwise’s head of research, pointed to Ethereum’s growing use as a platform for artificial intelligence agents.

“Ethereum and Base, an Ethereum layer-2 scaling network, are where many AI agents are currently operating,” he stated in a Dec. 19 interview.

VanEck, an asset management firm, projects Ether’s spot price could reach $6,000 by late 2025.

This optimism suggests Ether ETFs may attract further investment, potentially narrowing the gap with Bitcoin ETFs.

At the time of reporting, the Ethereum price was $3,382.38.