Ethereum ETFs Smash First-Year Milestone With Unstoppable Bull Run

Wall Street's crypto-curious experiment pays off—for once.

The ETH ETF Revolution: One Year Later

Twelve months after launch, Ethereum exchange-traded funds are defying skeptics with a performance that’s making Bitcoin maximalists sweat. No fluke—just consistent green candles and institutional money flooding in.

Why TradFi Can’t Look Away

Pension funds and hedge managers—the same suits who called crypto a scam in 2018—are now quietly allocating 8-figure sums. Funny how 26% annualized returns silence critics faster than a subpoena.

The Cynic’s Corner

Let’s see how long the love lasts when the SEC inevitably starts nitpicking staking rewards. Until then? Enjoy the rare sight of regulators and crypto bros high-fiving over quarterly statements.

In Brief

• U.S. Ethereum ETFs have pulled in $8.7B in inflows during their first year, now managing over $16.6B in assets.
• BlackRock’s ETF leads all new ETFs in 12-month inflows, while Grayscale’s ETHE has seen $4.3B in outflows.
• ETF issuers now aim to add staking, with potential SEC approval expected soon.

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.

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