Bitcoin's trading price fluctuated near the $100,000 mark, reflecting both institutional and retail interest in the cryptocurrency.

BlackRock's Bitcoin and Ethereum ETFs saw a remarkable inflow of $860 million within just 24 hours, indicating a surge in institutional interest in crypto-backed financial products.

Ethereum spot ETFs have been particularly active, with 18 consecutive days of inflows totaling $2.45 million as of December 18, 2024, showcasing Ethereum's strong position in the investment landscape.

The cumulative net asset value of Ethereum spot ETFs has now reached $14.04 billion, which accounts for approximately 3% of Ethereum's total market capitalization of $461.51 billion.

Ongoing developments within Ethereum, including the transition to Ethereum 2.0, continue to foster optimism about its growth potential, solidifying its status as the second-largest cryptocurrency by market cap.

Despite these positive inflows, the broader cryptocurrency market faced a brief setback on December 18, with Bitcoin's price dipping below $100,000 and a market-wide decline of 4%, reducing the total market capitalization to $3.84 trillion.

However, Bitcoin quickly rebounded, trading at approximately $101,800 on December 19, 2024, demonstrating its resilience amid market fluctuations.

Spot ETFs are proving to be a convenient way for both retail and institutional investors to gain exposure to digital assets without direct ownership, signaling a broader adoption of crypto-based financial products.

BlackRock's leadership in the ETF market suggests that cryptocurrencies are increasingly being integrated into conventional financial frameworks, enhancing their legitimacy.

Other notable Ethereum ETFs, such as Grayscale’s ETH and Fidelity’s FETH, further highlight Ethereum's robust position in the investment landscape.

Ethereum's ETF, ETHA, also experienced significant inflows despite the price volatility, underscoring its continued relevance in the decentralized finance (DeFi) ecosystem.

Grayscale's Ethereum ETF, ETHE, recorded a smaller net inflow of $4.45 million, bringing its total net inflows to $616 million, which solidifies its influence in the digital asset space.