One year after the US Ethereum ETF was launched, $8.69 billion in funds poured in

One Year After US Ethereum ETF Continues to Attract Funds

On July 23rd, the US spot Ethereum ETF celebrated its first anniversary. It has seen continuous inflows over the past three weeks, with several days setting all-time highs. Since their launch in July 2024, nine Ethereum ETFs have seen a combined net inflow of $8.69 billion, bringing assets under management to over $16.57 billion (Source: CoinGlass). Notably, nearly half of these inflows—approximately $3.9 billion—occurred in the past 14 trading days, indicating a resurgence of bullish market sentiment.

Although ETH has not been able to break through its historical high of $4,900 in November 2021 this year, and its price has fluctuated between $1,500 and $4,000, its current price remains around $3,600 (source: Coingecko), with an increase of more than 8% in the past 12 months.

Over the past month, Ethereum ETFs have seen record daily inflows. Source: CoinGlass

BlackRock becomes the capital winner, while Grayscale suffers large outflows

BlackRock's iShares Ethereum Trust ETF (ETHA) was the biggest winner, receiving $8.9 billion in inflows over the past year, maintaining its top position in the industry. Meanwhile, Grayscale's Ethereum Trust ETF (ETHE) experienced a net outflow of $4.3 billion as investors redeemed their holdings due to a narrowing discount to its net asset value.

Notably, the US Ethereum ETF saw a record inflow of $332.2 million on its first day of listing, and on July 16th, it set a new all-time single-day inflow record of $726.6 million (Source: Nate Geraci). Nate Geraci, President of NovaDius Wealth Management, noted on X that six of the seven largest inflow days for these nine ETFs occurred in the past two weeks, indicating a reallocation of funds into ETH.

NovaDius Wealth Management President Nate Geraci posted on social media

Pledged ETFs may become the next hot topic

Currently, several issuers are seeking to add a staking function to Ethereum ETFs, that is, to participate in the network staking of ETH held in the fund and distribute the proceeds to investors.

The SEC is expected to approve a staking-based ETF as early as this month. This would represent a new regulatory initiative for crypto ETFs and open the door to other public chain ETFs, such as Solana. Earlier this month, the first Solana ETF with staking functionality launched in the US. Jointly issued by REX Shares and Osprey Funds, it allows investors to indirectly earn returns on Solana staking.

Global Crypto ETF Competition Intensifies, What Will the Future Be?

The performance of the Ethereum ETF over the past year shows that institutional funds are still actively entering the market after regulatory approval, especially the entry of giants such as BlackRock, which has directly reshaped the capital landscape. Key factors that may affect the market in the future include:

• Will staking income attract more long-term funds and make ETF products more competitive?

• Will the SEC expedite the approval of a basket of cryptocurrency ETFs to broaden investment targets?

• Can emerging public chain ETFs such as Solana divert funds and form a diversified ecosystem?

Globally, crypto ETFs in Canada, Europe and other places are also accelerating their layout. Whoever can take the lead in the "staking + multi-asset" track in the future will directly determine the direction of the next crypto ETF boom.

The continued popularity of Ethereum ETFs demonstrates the growing demand for crypto assets among institutions, potentially ushering in the next round of competition for collateralized and multi-asset ETFs. Global capital flows and the SEC's regulatory stance will influence the emerging landscape of the crypto market.
Want to be the first to grasp global market trends and investment opportunities? Follow us at BrokerHivex for the latest in-depth analysis and real-time information!

Further reading

• Steel stocks diverge! Dacheng Steel surges but then retreats, while China Steel sees a rare surge, hitting a two-month high.

• Trump's tariff war includes the sale of 400 Boeing aircraft, sending Boeing's stock price soaring 31% in six months.