Spot Ethereum ETFs: A Year in Review
Roughly a year ago, the United States financial market witnessed the debut of spot Ethereum exchange-traded funds (ETFs). These products have enabled investors to have regulated exposure to the second-largest cryptocurrency without holding it directly.
Performance of Spot Ethereum ETFs
The past twelve months have been eventful for spot Ethereum ETFs, evolving from a slow start with minimal inflows to notable outflows and now massive positive flows. Despite their fluctuations, these ETFs have played a significant role in driving institutional crypto adoption since their inception.
As reported by CryptoPotato at launch, the nine products collectively recorded $106 million in positive flows on their first day. However, over $484 million in outflows from Grayscale’s Ethereum Trust (ETHE) greatly influenced these inflows. BlackRock’s spot Ethereum ETF (ETHA) took the lead on the first day with $266 million inflows and continues to lead currently. Bitwise’s ETHW followed with $204 million, while Fidelity’s FETH garnered $71 million. Funds from other asset managers, such as 21Shares, Invesco, VanEck, and Franklin Templeton, recorded inflows between $13 million and $7.5 million.
Comparing recent trading days to the debut, these funds have shown significant progress. On Friday, July 18, ETFs collectively attracted inflows exceeding $402 million. On July 16, spot Ethereum ETFs accumulated over $726 million in positive flows, their highest ever, according to CoinGlass data. The following day also marked their second-largest daily inflow at $602 million. The funds have enjoyed an 11-day inflow streak since July 5, with total flows exceeding $2.8 billion. BlackRock leads on assets under management (AUM) with $7.92 billion, followed by ETHE with $3.46 billion.
The Challenges Faced
While the journey has been promising, it has not been without challenges. Spot Ethereum ETFs faced difficulties, particularly with ether’s performance during this cycle. After strong initial trading, subsequent days were concerning, marked by substantial outflows and lower-than-expected ETH buy-ins from investors. Grayscale’s Trust continued to see outflows, hindering inflows into other products. However, mid-November saw the ETFs begin an 18-day inflow streak, which was later extended to a record 19-day positive flow streak that ended on June 12.
As investments in ETH continue to grow, the outlook for spot Ethereum ETFs in the upcoming year remains to be seen.
Comments (4)
nuingoc18@gmail.com
16:25 - 22/07/2025
Ok
nuingoc18@gmail.com
16:25 - 22/07/2025
Ok
Afeez Adeoye
08:43 - 21/07/2025
Good
Afeez Adeoye
08:43 - 21/07/2025
Good