Ethereum ETFs Complete First Year on the Market With Bullish Streak

It’s been a full year since spot Ethereum ETFs went live in the U.S., and the market is celebrating with a strong streak of inflows and bullish sentiment. Despite being overshadowed by Bitcoin ETFs, these funds have quietly carved out a substantial presence.

Nearly $9 billion in inflows

Since launching on July 23, 2024, spot Ethereum ETFs have raked in a total of $8.69 billion in net inflows, according to CoinGlass. These nine funds, including products from BlackRock, Fidelity, 21Shares, Bitwise, and VanEck, now manage more than $16.5 billion in total assets.

Most impressively, nearly half of the inflows have come during the past three weeks. Ethereum ETFs even just hit their seventh-best trading day ever, pulling in $332.2 million on their one-year anniversary. The best-ever day came just last week on July 16, with over $726 million in inflows.

BlackRock dominates while Grayscale bleeds

BlackRock’s iShares Ethereum Trust (ETHA) has been the clear winner among the group, attracting nearly $9 billion in inflows. That success has helped offset losses from Grayscale’s ETHE, which has seen roughly $4.3 billion in outflows over the past year as it struggles with its NAV discount.

Nate Geraci said on X that spot ETH ETFs have now seen $4.4B in inflows over a 13-day streak, including six of their seven best days in the past two weeks.

Staking ETFs

With inflows rising and institutional interest heating up, the next big thing could be staking. Several ETF issuers are reportedly in discussions with the SEC to allow Ethereum staking within ETFs, a move that could significantly boost returns for holders.

The first ETF offering staking, based on Solana, launched earlier this month. Many analysts expect Ethereum ETFs with staking to be approved within weeks.

Whether or not ETH breaks out of its current price range, investor appetite for Ethereum exposure via ETFs is clearly growing, and staking could be the catalyst for its next wave of adoption.