Ether ETF net inflows hit $2.6B in December

Total net inflows into Ether (ETH) exchange-traded funds (ETFs) surpassed $2.6 billion in December as the funds gained traction against wildly popular Bitcoin (BTC) ETFs, according to data from Farside Investors.

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In November and December, Ether ETFs saw eight straight weeks of net inflows, including a record-breaking $2.2 billion in the week of Nov. 26, according to data from CoinShares. 

They still lag BTC ETFs, which closed out 2024 with upward of $35 billion in net inflows, according to Farside.

Analysts say this could reverse in 2025, especially if ETH’s price performance enhances ETF returns and regulators allow the funds to generate yields from staking. 

Related: Staking may come soon for US Ether ETFs: Bernstein

Top Ether funds

BlackRock’s iShares Ethereum Trust (ETHA) led among peers, onboarding upward of $3.5 billion in 2024 net inflows, Farside said. Fidelity Ethereum Fund (FETH) notched second place with $1.5 billion in net inflows. 

This was partly offset by upward of $3.6 billion in net outflows from Grayscale Ethereum Trust (ETHE), which the asset manager launched in 2017, initially as a non-listed trust. 

Grayscale’s ETHE charges management fees of 1.5%. In July, the asset manager listed Grayscale Ethereum Mini Trust as a cheaper alternative.

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Bitcoin ETFs displayed a similar dynamic, with BlackRock’s iShares Bitcoin Trust (IBIT) clocking approximately $37 billion in 2024 net inflows against more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC).

Will they outperform Bitcoin ETFs in 2025?

Since November, ETH has outperformed BTC in crypto spot and derivatives markets, according to a December report by Bybit, a crypto exchange. Meanwhile, BTC ETFs saw the biggest net outflows ever on Dec. 19.

Sustained growth in network activity, including from the proliferation of artificial intelligence agents, could further propel Ether’s performance, which has lagged behind rival layer-1 network Solana in 2024, Matt Hougan, Bitwise’s head of research, told Cointelegraph. 

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

Asset manager VanEck estimates Ether’s spot price will reach $6,000 by the fourth quarter of 2025.

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