Global #Ether ETFs

Net inflows into Ether (ETH) exchange-traded funds (ETFs) surpassed $2.6 billion in December, gaining significant traction against the long-dominant Bitcoin (BTC) ETFs, according to data from Farside Investors.

The United States-based spot Ether exchange-traded funds (ETFs) experienced a significant shift as net inflows turned positive for the first time since their launch in July.

Canary, a new firm co-founded by former Valkyrie Funds executive Steven McClurg, has recently expressed optimism regarding the evolving regulatory landscape for cryptocurrencies.

On Thursday, spot Bitcoin ETFs recorded impressive daily net inflows of $365.57 million, marking the highest influx since July. Leading this charge were Ark Invest and BlackRock, both of which have played pivotal roles in driving the ongoing rally in the cryptocurrency market, as reported by Sosolvalue data.

In recent developments within the cryptocurrency market, Bitcoin exchange-traded funds (ETFs) have experienced a remarkable streak of positive inflows, while Ether ETFs continue to face persistent outflows.

On August 5, the United States Bitcoin and Ether ETFs saw a significant surge in trading volume, reaching nearly $6 billion amidst a turbulent market. Data from CoinGlass reveals that spot Bitcoin ETFs recorded a staggering $5.24 billion in daily trading volume, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for over half of this amount.