Fidelity Outshines BlackRock With $31.8 Million Ethereum ETF Inflow

As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies and ETFs, I must admit that the year-end inflow trends for Ethereum ETFs have been quite intriguing. It’s fascinating to see how institutional investors are gradually warming up to this asset class.

The fact that Ethereum ETFs outperformed Bitcoin ETFs in terms of inflows on the last trading day of 2024 is a testament to the growing interest and confidence in Ethereum. However, it’s important to remember that while these numbers are promising, they don’t guarantee a smooth sail in 2025. As we all know too well, the crypto market can be as unpredictable as a rollercoaster ride!

That being said, I believe we might witness an interesting battle for dominance between Ethereum and Bitcoin ETFs next year. It’ll be like the classic rivalry between Batman and Joker, with each trying to outdo the other in terms of performance and market share. But remember, in this game, there can be more than one winner!

On a lighter note, I can’t help but wonder if this is a sign that institutional investors are finally ready to join the ‘crypto party’ and dance with us! Who knows, maybe next year we’ll see them doing the ‘NFT drop’ or the ‘DeFi twist’ on the dance floor. After all, every good party needs a few latecomers!

2024’s final trading day saw Fidelity’s FETH Ethereum ETF market experiencing an impressive $31.8 million influx. According to Farside Investors, this significant addition to the portfolio helped the overall market finish in the positive, with a total inflow of $36 million.

Fidelity ensures Ethereum ETFs end year in green

Yesterday saw a $20.4 million outflow for FETH, managed by Fidelity, but it ended up having an inflow on its final day of the year for 2024. This outflow, however, briefly interrupted Fidelity’s impressive streak of inflows that had been going on in December.

On the final trading day of the year, Grayscale was the only asset manager to see inflows for its Ethereum Trust (ETH), totaling $9.8 million. In contrast, Grayscale’s Ethereum Trust (ETH) experienced a $5.8 million outflow. Meanwhile, all other managers such as BlackRock’s ETHA recorded no inflows or outflows for the year’s last trading day.

Since their introduction in July 2024, BlackRock and Fidelity have significantly improved the performance of the Ethereum ETF market. Initially experiencing a cautious beginning, the Ethereum ETF market has gradually garnered interest from institutional investors over time.

Even though an Ethereum ETF has yet to match the popularity of a Bitcoin ETF, experts are optimistic about its potential for future expansion.

Ethereum ETFs outpace Bitcoin in year-end inflows

On the final trading day, it was observed that the Ethereum ETF attracted more funds as it had a higher net inflow than the Bitcoin ETF. The Bitcoin ETF saw an inflow of approximately $5.3 million, whereas the Ethereum ETF recorded a significantly larger inflow amounting to around $36 million.

It seems plausible that major financial institutions are considering diversifying their investments across both cryptocurrency asset classes. If this trend holds true, it might signal a future competition between Ethereum and Bitcoin ETFs, potentially leading to a power struggle in 2025.

Despite several attempts, Ethereum hasn’t managed to surpass the $3,600 price point in the crypto market. Recently, ETH has experienced fluctuations as it aims to regain the $4,000 value it reached back in December. The investment community is eagerly anticipating potential changes in 2025.

As of this writing, ETH is changing hands at $3,335.88, a 2.54% decline in the past 24 hours.

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2025-01-01 18:12