The first wave of U.S.-listed spot Ethereum exchange-traded funds (ETFs) has garnered nearly $8.7 million in net inflows during its first year on the market, based on public data since the funds launched on July 23, 2024, despite significant outflows from Grayscale’s Ethereum Trust (ETHE).
This performance, while modest compared to their bitcoin counterparts, coincides with a surge in investor activity and price momentum. In just the past two weeks, the ETFs attracted over $4.6 billion—nearly half of their total annual inflows—aligned with a notable increase in ether’s price.
ETH surged 26% during the week of July 14, following a 16% rise the previous week, outpacing much of the broader market. It is currently trading at $3,704, up 11% for the year.
BlackRock’s iShares Ethereum Trust (ETHA) distinguished itself by surpassing $10 billion in assets under management this week, making it the third-fastest ETF in history to achieve this milestone, according to RialCenter. Only BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) reached that figure more quickly.
The spot Ethereum ETFs debuted just months after the successful launch of spot bitcoin (BTC) funds, which drew billions and rekindled Wall Street’s interest in crypto products. The Ethereum offerings include funds from major financial firms such as Fidelity, VanEck, Franklin Templeton, and Grayscale.
These funds have now experienced 15 consecutive days of net inflows, driven by increasing investor demand and hopes for clearer crypto regulations in the U.S. The SEC has recently shown openness to crypto legislation and industry engagement, encouraging traders to return to digital assets.
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