The amount of money investors poured into Ethereum (ETH) spot exchange-traded funds (ETFs) hit a record high in December, according to new data.
According to Cryptocurrency Research Platform so-so valuetotal inflows into the Ethereum Spot ETF last month reached $2,134.4 million.
This figure represents 81.5% of the $2.58 billion in cumulative net inflows since the product was launched.
Monthly net inflows into the Ethereum Spot ETF in December were also nearly double the $1.0776 billion recorded in November.
The data also shows that Fidelity Ethereum Fund (FETH) currently has $1.58 billion in net inflows, its highest since going public.
Next is Grayscale Ethereum Mini Trust (ETH) with $601.04 million, Bitwise Ethereum ETF (ETHW) with $345.02 million, VanEck Ethereum Trust (ETHV) with $127.79 million, Franklin Ethereum Trust (EZET) follows with $37.65 million.
The Ethereum Spot ETF launched in July and reached nearly $600 million in volume midway through its first trading day.
The U.S. Securities and Exchange Commission (SEC) has not yet given the green light to Ethereum's spot market exchange-traded fund options, and is pending a decision to ensure that the proposed rule changes comply with current securities laws. It was announced in November that it would be postponed.
“The Commission is beginning a process that will allow for additional analysis of the compatibility of the proposed rule changes with the following rules. [the law]”
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