Announcements Gate Research: Ethereum ETF Inflows Hit $1.66B in December, NFT Market Trading Volume Up 35% WoW

Gate Research: Ethereum ETF Inflows Hit $1.66B in December, NFT Market Trading Volume Up 35% WoW

2024-12-23 10:29:17 UTC 13306 Read

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**Gate Research Daily Report:** After experiencing a drop on Friday, the crypto market is consolidating at lower levels. Bitcoin (BTC) is currently priced at $95,349.2, while Ethereum (ETH) stands at $3,294.1. In December, Ethereum ETFs saw a massive inflow of $1.66 billion, accounting for 74% of the total inflows since inception, with institutional demand surging significantly. The NFT market saw a 35% increase in sales, with Ethereum leading the charge. Tether's net profit for 2024 is expected to exceed $10 billion, and the company has invested $775 million in Rumble. The Wormhole DAO is about to launch, driving W governance and staking incentives. DuckChain raised $5 million in funding, with investments from DWF Ventures, Oak Grove Ventures, and others, aiming to bring billions of Telegram users from off-chain to on-chain.

![](https://gimg2.gateimg.com/image/article/1734966488twi_en.png)

**Market Analysis**: BTC has dropped by 0.9%, currently priced at $95,349.2, while ETH has decreased by 0.3%, currently priced at $3,294.1.
**Top Performers**: The leading altcoins in the past 24 hours are Agoric, QKC, and Koma Inu, with gains of 57.98%, 39.73%, and 27.75%, respectively.
**Data Highlights**: NFT market sales have surged by 35%, with Ethereum leading the charge.
**Spotlight Analysis**: Tether's CEO predicts net profits will reach $10 billion in 2024 and announced a $775 million investment in the video-sharing platform Rumble.
**Market Opportunities**: DuckChain is the first consumer layer for TON, aiming to bring billions of Telegram users from off-chain to on-chain. It has recently completed a $5 million funding round.

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Gate.io Team
December 23rd, 2024

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Gate Research: Ethereum ETF Inflows Hit $1.66B in December, NFT Market Trading Volume Up 35% WoW

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