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ethereum spot ETFs are witnessing increased institutional interest, recording a net inflow of $145 million.
According <a target="_blank" href="https://sosovalue.com/assets/etf/us-eth-spot” target=”_blank” rel=”nofollow”>statistics From SoSoValue, ethereum (eth) spot ETFs saw a notable net inflow of $145 million on December 17, indicating growing institutional confidence in ethereum-backed financial instruments.
With a notable inflows of $135 million on the day, BlackRock's ETHA surpassed inflows and now has the largest ethereum spot ETF net inflow at $3.365 billion. With a net inflow of $4.45 million, Grayscale's eth, a major player in the ETF market, increased its previous net inflow to $616 million.
With $5.72 billion in cumulative net assets, Grayscale's ETHE ETF remains dominant despite the lack of new inflows yesterday, maintaining a cumulative net outflow of $3.517 billion.
ethereum spot ETFs now have a net asset value of $14.04 billion, which is equivalent to 2.96% of ethereum's total market capitalization, which is around $461.51 billion at the time of writing. As ethereum continues to solidify its place in the digital asset market, institutional participation is increasing, as evidenced by the total net inflow into all ethereum spot ETFs, which has now surpassed $2.46 billion.
As investors seek exposure to ethereum's core technology and growing ecosystem, continued capital inflows indicate growing confidence in the cryptocurrency's position in the changing environment.
