Ethereum Spot ETFs Surge to Record High with $855 Million Weekly Inflow

On December 16, COINOTAG reported significant developments in the Ethereum spot ETF market, reflecting robust investment interest. From December 9 to December 13, 2023, Ethereum spot ETFs recorded a remarkable net inflow of $855 million, marking the highest weekly inflow on record. Notably, the Grayscale Ethereum Trust ETF (ETHE) experienced a weekly net outflow, totaling $49.23 million, contributing to an alarming cumulative net outflow of $3.52 billion.

The Blackrock Ethereum ETF (ETHA) captured the most substantial inflow, with $523 million added last week, bringing its total net inflow to $3.2 billion. In close pursuit, the Fidelity Ethereum ETF (FETH) garnered $259 million in net inflows, elevating its total to $1.38 billion. As of the latest update, the total net asset value of Ethereum spot ETFs stands at $13.783 billion, with a net asset ratio of 2.92%, and cumulative net inflows have reached $2.265 billion.