Ethereum has seen a surge in investor interest, underscored by historic inflows into BlackRock’s Ethereum spot exchange-traded funds (ETFs). On Monday, these ETFs recorded a net inflow of $51 million, marking the 16th consecutive day of positive inflows. This steady momentum highlights growing confidence in Ethereum-based investment products, with institutional investors leading the charge.
Among the top performers, BlackRock’s Ethereum spot ETF, trading under the ticker “ETHA,” led the way with a significant $30.7 million in net inflows on Monday alone. This suggests strong institutional backing for Ethereum, signaling increased trust in the cryptocurrency as a viable investment.
From December 9 to 13, Ethereum spot ETFs saw record-breaking inflows totaling $855 million, according to Sosovalue data. As Ethereum’s price surged above $4,100 on Monday, a new high for the year, bullish sentiment in the broader crypto market continued to rise, particularly following Bitcoin’s recent push past $107,000.
The ongoing optimism is partly fueled by speculation that the US may establish a strategic Bitcoin reserve under the incoming Trump administration in 2025, which has contributed to a market-wide rally. While Bitcoin benefits from this narrative, Ethereum is also benefiting from its own strong bullish drivers, including the growing adoption of Ethereum spot ETFs, which offer investors a regulated and easily accessible way to gain exposure to the cryptocurrency.
BlackRock’s dominance in net inflows on December 16 further highlights the increasing role of major asset managers in shaping the cryptocurrency investment landscape. According to research from Blockhead, the two-week streak of ETF inflows has continued, with Bitcoin attracting $637 million and Ethereum pulling in $51 million in fresh support.
This wave of institutional backing is proving to be a key factor behind the cryptocurrency market’s ability to push past previous all-time highs. Additionally, on-chain data reveals that large players—often referred to as “whales”—are accumulating more control over the markets for both Bitcoin and Ethereum. Specifically, 104 Ethereum whales now control 57.35% of the total ETH supply, suggesting growing confidence in Ethereum’s future as network activity and transaction volumes rise.
As Ethereum continues to gain traction among institutional investors, the outlook for the cryptocurrency remains bullish, with spot ETFs playing a crucial role in its growing mainstream appeal.
