Ethereum ETFs Pull In $8.7B in First Year After Almost $5B Rush in Past Two Weeks

Description

The first wave of U.S.-listed spot Ethereum exchange-traded funds (ETFs) has racked up nearly $8.7 million in net inflows in its first year on the market, according to public data compiled since the funds launched on July 23, 2024, despite heavy outflows out of Grayscale's Ethereum Trust (ETHE). That performance, while modest compared to their bitcoin counterparts, arrives alongside a surge in investor activity and price momentum. Over the past two weeks alone, the ETFs brought in more than $4.6...