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Fidelity's FETH ended the final trading day of 2024 with a notable inflow of $31.8 million in... Ethereum Trading Fund Market (traded funds). Data Farside Investors revealed that Fidelity's performance contributed to the market closing in the green with an inflow of $36 million.
Fidelity guarantees that Ethereum ETFs will end the year in the green
Fidelity's FETH rebounded from an outflow of $20.4 million the day before to mark its last day of flow of 2024. The outflow distorted Fidelity's record streak of inflows in December.
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Grayscale's ETH was the only other asset manager to receive inflows, worth $9.8 million. Grayscale's Ethereum Trust ETHE suffered $5.8 million in outflows, while all other asset managers, including BlackRock's ETHA, recorded zero inflows on the last trading day of the year.
Black Rock Fidelity has boosted the performance of the Ethereum ETF market since its launch in July 2024. Despite a slow start, the Ethereum ETF market has gained traction among Institutional investors As the days go by.
Although the Ethereum ETF still lags behind the Bitcoin ETF, analysts see prospects in the product's growth trajectory.
Ethereum ETFs Outperform Bitcoin in Year-End Inflows
Comparing the last trading day's inflows for both assets reveals that the Bitcoin ETF surpassed the Bitcoin ETF in net inflows. Bitcoin ETF It managed $5.3 million compared to the $36 million recorded by Ethereum ETFs.
This suggests that institutional players may have decided to split their interests to invest in the two asset classes. If this is the case, it could indicate that 2025 has the potential to see Ethereum and Bitcoin ETFs struggle for dominance.
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However, Ethereum was unable to break through the $3,600 price level in the cryptocurrency market. ETH has suffered volatility as it attempts to retest the $4,000 mark it reached earlier in December. Investors are looking for a turnaround in 2025.
As of this writing, ETH is changing It traded at $3,335.88, down 2.54% in the past 24 hours.
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