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

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.

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.

Explore today's details 👉🏻Gate Research: Ethereum ETF Inflows Hit $1.66B in December, NFT Market Trading Volume Up 35% WoW

Gate Research
Gate Research is a comprehensive blockchain and crypto research platform, providing readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more

**Gateway to Crypto** Trade over 3,200 cryptocurrencies safely, quickly, and easily on Gate

• Visit our Official Website
• Download Gate App / Web now
• Follow us on Gate X (Twitter) to get more bonuses
• Join our Telegram to discuss hot topics
• Join our Global Community to get more updates
• We provide 100% proof of reserve>>>
• Sign up to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from referrals

Gate Team
December 23rd, 2024