Ethereum ETFs Attract $8.7 Million in First Year Amid Recent $4.6 Billion Surge

U.S.-listed spot Ethereum exchange-traded funds (ETFs) have attracted nearly $8.7 million in net inflows since their launch on July 23, 2024, despite significant outflows from Grayscale's Ethereum Trust (ETHE).

Key points include:

Recent two-week period brought in over $4.6 billion, nearly half of total annual inflows.
Ethereum's price increased by 26% during the week of July 14, reaching $3,704, up 11% year-to-date.
BlackRock’s iShares Ethereum Trust (ETHA) surpassed $10 billion in assets under management.
Spot Ethereum ETFs launched after successful spot bitcoin funds, attracting interest from major financial firms.
Funds have seen 15 consecutive days of net inflows due to growing investor interest and potential regulatory clarity in the U.S.