US Ethereum Spot ETFs See $8.64B Inflow in First Year
The US Spot Ethereum ETF turned one on July 23 in spite of early setbacks and concerns over its performance. These exchange-traded funds are designed to give regulated exposure to Ethereum while posing a lesser risk than direct cryptocurrency trading.
Notably, the first anniversary coincides with a major milestone: $8.64 billion net inflow. Interestingly, owing to direct rivalry with Bitcoin exchange-traded funds, the performance of the ETH ones fluctuates but remains good.
July was a fantastic month for US cryptocurrency exchange-traded funds. ETH was the most popular and was trusted by investors. Following their approval in July 2024, nine Spot Ethereum ETFs are now operational in the US market.
Major Contributors and Inflows
The leading contributions were BlackRock ($426.22 million), Grayscale ($72.64 million), Fidelity ($35.01 million), and others. According to SosoValue data, inflows totaled $2.12 billion in the past week, with $727 million coming from July 16 alone.
Notably, the assets under management (AUM) of these Ethereum exchange-traded funds exceed $19.68 billion. This explains why bitcoin investors choose and demand these ETFs.
Focus on Staking Yields and Market Impact
One year later, Ether ETFs with staking yield characteristics are the main emphasis. Experts predict that it will increase the allure of this digital asset for investors, even though clearance is still pending.
Ethereum ETFs are attempting to overtake the US Spot Bitcoin ETF, which unquestionably holds the largest overall market share. Since its launch, Bitcoin has received $39.93 billion and $54.55 billion, for a total of $153.25 billion in assets under control, while Ethereum has received $8.64 billion. On several occasions, however, ETH has outpaced BTC in terms of inflows.
Monthly Inflow Comparison: Ethereum vs Bitcoin
| Month | Ethereum ETF Net Flow | Bitcoin ETF Inflow |
|---|---|---|
| July | -483.18 million | 3.17 billion |
| August | 5.93 million | -94.02 million |
| September | -46.54 million | 1.26 billion |
| October | 43.28 million | 5.35 billion |
| November | 1.05 billion | 6.49 billion |
| December | 2.08 billion | 4.54 billion |
| January | 101.16 million | 5.25 billion |
| February | 60.07 million | -3.56 billion |
| March | -403.37 million | -767.91 million |
| April | 66.25 million | 2.97 billion |
| May | 564.18 million | 5.23 billion |
| June | 1.16 billion | 4.60 billion |
| July | 4.44 billion | 5.49 billion |
| Total | $8.64 billion | $39.93 billion |
Strong Demand Signals and ETH Outperformance
In July, Ethereum’s net flow remained consistently positive, a sign of strong market demand and expansion. Recently, specialists discovered that BlackRock is purchasing 5x more ETH than BTC, implying that demand for the former is substantially higher on numerous occasions.
This is due to increased buzz around influx, a bullish Ethereum price surge, likely staking approval, and other factors. Additionally, the Altcoin Season hype and capital rotation are driving greater inflows into the US Spot ETH ETF this month.
However, on a bigger scale, Bitcoin is still prevailing.
Ready to Start Mining Safely?
VoskCoin offers an affordable, verified, and transparent cloud mining solution for both beginners and experienced miners:
✅ Start Mining Today with VoskCoin
✅ Real ASIC Miner | Verifiable Payouts | Verifiable Payout Reviews
VoskCoin Mining Profitability
Co-rent Real ASIC Hashrate from the VoskCoin Mining Farm.
Contract Profitability
| What You Mine: | N/A |
|---|---|
| Coin Price: | N/A |
| Total Mining Power: | N/A |
| Mining Duration: | N/A |
| Daily Mining Reward: | N/A |
| Total Mining Reward: | N/A |