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Fidelity's Inflows Propel Ethereum ETF Market to Year-End Gains

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Ethereum ETF,Fidelity,Bitcoin ETF

Farside Investors report that Fidelity's $36 million inflow boosted the Ethereum ETF market's performance on the last trading day of 2024. While Grayscale's ETH also saw inflows, Fidelity's FETH rebounded from an outflow the previous day, marking the end of its inflow streak for the year. Despite a slow start, the Ethereum ETF market has gained momentum since its launch in July 2024, surpassing Bitcoin ETF in net inflows on the last trading day. This suggests institutional interest in both asset classes, potentially leading to competition in 2025. Meanwhile, ETH struggles to break above the $3,600 price level.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Although Ethereum ETF still lags behind Bitcoin ETF, analysts see prospects in the growth trajectory of the product.Comparing the inflows on the last trading day of both assets reveals the Ethereum ETF surpassed the Bitcoin ETF in net inflows.This suggests that institutional players might have decided to split their interest to invest in both asset classes. If this is the case, it could indicate that 2025 has the likelihood of seeing Ethereum and Bitcoin ETFs struggling for dominance.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

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