Weekly capital inflow into spot Bitcoin ETFs amounted to more than $2 billion, into Ethereum ETFs - $854 million

Dec 16, 2024 11:54

  • Spot Bitcoin and Ethereum ETFs have been showing positive momentum for two and three weeks in a row, respectively. 
  • Since Trump's election, more than $12 billion and nearly $3 billion have flowed into these products. 

From December 9 to December 13, 2024, net capital inflows into spot Bitcoin ETFs amounted to $2.17 billion, and into Ethereum ETFs - $854.85 million, according to SoSo Value. Positive dynamics in the sectors have been observed for two and three consecutive weeks, respectively. 

Capital inflows/outflows in the US spot Bitcoin ETF sector by week. Source: SoSo Value. 
US Spot Bitcoin ETF Capital Inflows/Outflows by Week. Source:SoSoValue

On Friday, December 13, the sector saw nearly $429 million in capital inflows. The iShares Bitcoin Trust (IBIT) attracted the most funds, at $393.03 million. The fund’s assets under management reached $54.78 billion.

Capital inflows/outflows in the US spot bitcoin ETF sector. Source: SoSo Value. 
Capital inflows/outflows in the US spot bitcoin ETF sector. Source:SoSoValue

In the spot Ethereum ETF sector, the current weekly capital inflow value is a new all-time high. 

Capital inflows/outflows in the US sector of spot Ethereum ETFs by week. Source: SoSo Value. 
Capital inflows/outflows in the US sector of spot Ethereum ETFs by week. Source:SoSoValue

The sector closed the trading day on December 13 with a net daily capital inflow of $23.61 million. Three products showed positive dynamics, while the rest did not show any capital movement.

Capital inflows/outflows in the US spot Ethereum ETF sector. Source: SoSo Value. 
Capital inflows/outflows in the US Ethereum Spot ETF sector. Source:SoSoValue

According to Bloomberg , since November 5, 2024, when politician Donald Trump won the US presidential election, $12.2 billion has been received in spot Bitcoin ETFs, and $2.8 billion in spot Ethereum ETFs. 

This was reflected in the growth of prices of these assets. For example, Bitcoin closed the seventh week in a row with growth on December 15. The cost of the first cryptocurrency updated its historical maximum at a level above $106,000.