The post Ethereum ETFs Achieve Record Inflows Amid Ongoing Challenges and Lag Behind Bitcoin Performance appeared on BitcoinEthereumNews.com.

Ethereum spot ETFs broke records in December 2024, showcasing an impressive $2.1 billion in net inflows, predominantly driven by BlackRock’s ETHA. Despite this remarkable achievement, Ethereum ETFs have underperformed compared to Bitcoin ETFs, reflecting ongoing challenges in market dynamics. As noted by COINOTAG, “The competition from alternative blockchains continues to pressure Ethereum’s growth potential for the next year.” Ethereum ETFs marked a major milestone in December 2024, achieving $2.1 billion in inflows, yet still lagging behind Bitcoin ETFs amidst market competition. Ethereum ETFs Experience Record Inflows in December December 2024 will be remembered as a pivotal month for Ethereum (ETH) as its spot exchange-traded funds (ETFs) achieved significant net inflows totaling $2.1 billion. This achievement established December as the best month for Ethereum ETFs since their launch in July 2024. Leading the inflow rankings, BlackRock’s Ethereum ETF (ETHA) attracted a remarkable $1.432 billion, followed by Fidelity’s Ethereum ETF (FETH) with net inflows of $752 million. VanEck’s ETHV garnered $12 million, while Bitwise totaled approximately $10 million. However, Grayscale faced continued challenges with a negative flow of $93 million in December. Despite the considerable success of ETH ETFs this past month, they remain significantly behind Bitcoin ETFs in net inflows for 2024. Bitcoin’s dominant ETF, BlackRock’s Bitcoin spot ETF (IBIT), amassed an outstanding $37 billion, dwarfing Ethereum’s $3.5 billion inflows for the same period. Fidelity’s Bitcoin ETF (FBTC) followed with $12 billion, illustrating the stark contrast in performance. The overall performance of Ethereum in 2024 has raised some concerns, especially considering the struggling growth of its network. A recent analysis from 10X Research indicates that Ethereum may not hold the same competitive edge against emerging blockchains like Solana and Tron, sparking skepticism about its future performance heading into 2025. “The absence of significant catalysts combined with validator unstaking risks present major…

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Filed under: News - @ January 1, 2025 8:13 am