New data shows that the amount of money investors put into Ethereum (ETH) spot exchange-traded funds (ETF) hit a new high in December.
According to crypto research platform SoSo valueTotal inflows for Ethereum spot ETF reached $2.10344 billion last month.
This figure represents 81.5% of the $2.58 billion of cumulative total net inflows since the launch of the financial product.
Monthly net inflows into Ethereum spot ETFs in December are also nearly double the $1.07776 billion recorded in November.
The data also shows that the Fidelity Ethereum Fund (FETH) currently has the highest net inflows since listing at $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 their first day of trading.
The US Securities and Exchange Commission (SEC) has not yet given the green light to Ethereum spot market exchange-traded fund options, announcing in November that it will delay its decision to ensure the proposed rule change complies with current securities legislation.
“The Commission is initiating a proceeding to allow additional analysis of the consistency of the proposed rule change [the law].”
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Generated image: Midjourney