Roughly a year ago, the United States financial market witnessed the debut of spot Ethereum exchange-traded funds (ETFs). The products have enabled investors to have regulated exposure to the second-largest cryptocurrency without holding it.<\/p>\n
The past twelve months have been eventful for spot Ethereum ETFs \u2013 from a slow start with minimal inflows to outflows and now massive positive flows. Regardless of the state of these products, they have played a significant role in driving institutional crypto adoption since their inception.<\/p>\n
As reported<\/a> by CryptoPotato<\/em> at the time of the launch, the nine products collectively recorded $106 million in positive flows on their first day. Over $484 million in outflows from Grayscale\u2019s Ethereum Trust (ETHE) greatly influenced the inflows.<\/p>\n BlackRock\u2019s spot Ethereum ETF (ETHA) took the lead on the first day with $266 million inflows and is still leading currently. Bitwise\u2019s ETHW followed suit with $204 million, while Fidelity\u2019s FETH raked in $71 million. Funds from other asset managers, including 21Shares, Invesco, VanEck, and Franklin Templeton, recorded inflows ranging from $13 million to $7.5 million.<\/p>\n Comparing the most recent trading day to the debut of spot Ethereum ETFs, it is clear that these funds have made significant progress<\/a>. On Friday, July 18, the ETFs collectively raked in inflows surpassing $402 million. Interestingly, that figure is not the highest the market has seen.<\/p>\n On July 16, spot Ethereum ETFs amassed over $726 million in positive flows, marking their highest ever, according to data from CoinGlass. The next day, the products recorded their second-largest daily inflow of $602 million. These funds have been on an 11-day inflow streak since July 5, amassing over $2.8 billion in flows. BlackRock remains the leader in assets under management (AUM), with a total of $7.92 billion. Following suit is ETHE, with $3.46 billion in AUM.<\/p>\n It is worth mentioning that the journey has been tedious for spot Ethereum ETFs, especially with ether performing poorly in this cycle. After a solid first day, the following trading days were worrisome for the ETFs. Outflows abounded<\/a>, and investors were not buying as much ETH as expected<\/a>.<\/p>\n As Grayscale\u2019s Trust continued to see outflows, flows into other products could not catch up. This trend continued, with the funds collectively recording a few days of inflows, until mid-November when the ETFs began what would later become an 18-day inflow streak. Notably, the funds have broken<\/a> that record with a 19-day positive flow streak that ended on June 12.<\/p>\n As investors continue to invest heavily in ETH currently, it remains to be seen what the next 12 months have in store for spot Ethereum ETFs.<\/p>\n The post 1 Year On: How Have Spot Ethereum ETFs Performed?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Roughly a year ago, the United States financial market witnessed the debut of spot Ethereum exchange-traded funds (ETFs). The products have enabled investors to have regulated exposure to the second-largest cryptocurrency without holding it. The past twelve months have been eventful for spot Ethereum ETFs \u2013 from a slow start with minimal inflows to outflows […]<\/p>\n","protected":false},"author":0,"featured_media":82296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82295"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82295"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/82296"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Tedious Journey<\/h2>\n