Since their launch on the US market a year ago, spot Ethereum exchange-traded funds (ETFs) have amassed assets of more than $16.6 billion, with net inflows of roughly $8.7 billion. US-based Spot Ether ETFs celebrated their first trading anniversary on Wednesday, coinciding with a three-week streak of inflows that includes some of the funds’ best days to date.
Spot Ether (ETH) ETFs from BlackRock , Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, Invesco, and two from Grayscale joined the market on July 23, 2024, after being authorized by the US Securities and Exchange Commission ( SEC ). Since then, according to CoinGlass , the nine ETFs have managed $16.57 billion in assets and received $8.69 billion in net inflows.
Significant Inflows Recorded
An uninterrupted inflow streak over the previous 14 trading days has contributed about half of the total net inflows, or around $3.9 billion. Within the last 30 days, spot Ethereum exchange-traded funds have had some of their biggest single-day inflows ever.
Ethereum (ETH) has had a wild ride over the last year, fluctuating between $1,500 in April and $4,000 in December, all while Bitcoin (BTC) has skyrocketed. It has failed to break above its almost $4,900 all-time high reached in November 2020.
Although they both began trading in early 2024, the Ether ETFs have been somewhat overshadowed by the $54.5 billion in Bitcoin ETF net inflows since their start. Ethereum (ETH) has risen more than 8% in the last 12 months, according to CoinGecko, and is now trading over $3,600, having slipped slightly on the day.
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