Fidelity’s FETH outperformed Blackrock’s ETHA as the nine-spot Ethereum ETFs pulled in $117 million yesterday.
Blackrock’s ETHA and IBIT for the first time in a long time failed to lead inflows in the Bitcoin and Ethereum ETFs.
Blackrock was outperformed by Fidelity on both Exchange Traded Funds, a rare occurrence since both ETFs were launched in January and July respectively.
The Ethereum ETFs recorded no outflow for the second time in all ETF products with the last outflow recorded by Grayscale’s ETH on Dec 23.
Farside Investors UK revealed that Fidelity’s FETH led the inflows for the day with an inflow of $83 million.
Blacrock’s ETHA trailed Fidelity’s FETH pulling in $28.2 million while Grayscale’s ETH recorded the final inflow for the day pulling in $6.0 million.
The trading day took the Cumulative Total Net Inflow for the nine ETFs to $2.63 billion with total value traded at $390 million.
Ethereum Price Analysis
Ethereum is currently exchanging hands for $3,378 surging by only 0.2% in the last 24 hours.
Ethereum has not breached is all-time high of $4,878 for the past three years coming close twice this month.
The network has been criticized for the price lag and growing structural challenges on its blockchain.
Despite the challenges, Ethereum has some optimistic predictions lined up for 2025.
Coincodex believes that in the second half of 2025, Ethereum’s price could surpass the $10,000 milestone, reaching a new all-time high. However, they caution that increased bearish activity at these levels could lead to a pullback, potentially closing the year between $4,800 and $5,200.
