The first wave of US-listed Spot Ethereum Exchange-Traded Funds (ETFS) has collected nearly $ 8.7 million in net inflow in the first year on the market, according to Public Data prepared since the foundations launched on July 23, 2024, despite heavy outflows out of Grayscales Ethereum Trust (Ethe).
This performance while modest compared to their Bitcoin colleagues arrives next to an increase in investor activity and prismomentum. In the last two weeks alone, the ETFs brought in more than $ 4.6 billion – almost half of their total annual influx – coinciding with a sharp uptick at Ether (Eth) price.
ETH voted for 26% during the week of July 14, after he rose 16% the week before, and exceeded much of the wider market. It now acts for $ 3,704, an increase of 11% of the year.
Blackrocks Ishares Ethereum Trust (Etha) stood out among the package by crossing $ 10 billion in assets under management this week. The milestone makes Etha the third fastest ETF in history to reach this figure, according to Bloomberg Intelligence’s Eric Balchunas. Only Blackrocks Ishares Bitcoin Trust (Ibit) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) came faster.
Spot Ethereum Etfs debuted a few months after the blockbuster launch of Spot Bitcoin (BTC) funds that attracted billions of dollars and renewed Wall Street’s interest in crypto -based products. The Ethereum setup includes offers from financial giants such as Fidelity, Vaneck, Franklin Templeton, Grayscale and others.
The funds have now released 15 even days of net flow, driven by growing investor appetite and hope for clearer crypto regulations in the United States, which SEC has recently signaled the openness of crypto billing legislation and industrial involvement, causing traders to rotate back to digital assets.
