New data shows that the amount of funds that investors pour into Ethereum (ETH) spot exchange-traded funds (ETF) hit a new high in December.
According to crypto research platform SoSo Value, the total inflow for Ethereum spot ETF reached $2.10344 billion last month.
The number represents 81.5% of the $2.58 billion of the cumulative total net inflow since the financial product launched.
The monthly net inflow into Ethereum spot ETFs in December is also nearly twice the $1.07776 billion recorded in November.
The data also shows that the Fidelity Ethereum Fund (FETH) currently has the highest net inflow since its listing, with $1.58 billion.
Grayscale Ethereum Mini Trust (ETH) is next with $601.04 million, followed by Bitwise Ethereum ETF(ETHW) with $345.02 million, VanEck Ethereum Trust (ETHV) with $127.79 million and the Franklin Ethereum Trust (EZET) with $37.65 million.
Ethereum spot ETFs went live in July reaching nearly $600 million in volume halfway through its first trading day.
The U.S. Securities and Exchange Commission (SEC) is yet to greenlight Ethereum spot market exchange-traded fund options, announcing in November that it will be delaying its decision to ensure that the proposed rule change complies with current securities law.
“The Commission is instituting proceedings to allow for additional analysis of the proposed rule change’s consistency with [the law].”
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Generated Image: Midjourney
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