Here is How Much Ether ETFs Have Raised Since U.S. Launch
29.07.2024 17:45 1 min. read Alexander Stefanov
The launch of spot Ether ETFs in the U.S. has triggered a significant $2.2 billion inflow, the largest since December 2022, with a 542% increase in ETH exchange-traded products, as reported by CoinShares.
Despite this, Grayscale’s Ethereum trust saw $285 million in net outflows.
Bitcoin also attracted $3.6 billion in inflows over the past month, reaching a year-to-date total of $19 billion, driven by U.S. election speculation and expectations of a Federal Reserve rate cut.
The digital asset market is growing, with assets under management hitting $99.1 billion and year-to-date inflows for 2024 reaching a record $20.5 billion.
Trading volumes peaked in May in anticipation of Ether ETFs, with $14.8 billion in inflows during the week of July 22.
Grayscale’s Ethereum Trust ETF experienced over $1.5 billion in outflows by July 26, while its Ethereum Mini Trust ETH saw a net inflow of $44.9 million on the same day.
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