Ethereum ETFs raise more than a billion dollars

In recent months, there seemed to be little interest in Ethereum Spot ETFs from Wall Street. But since Trump's election victory, inflows into these index funds have increased.

After the start of trading in July, the Ethereum Spot ETFs several months to build momentum. Now large sums of money are flowing into these index funds daily.

For the current month, inflows already exceed one billion dollars. In total, these exchange products have generated net inflows of $1.97 billion.

As with Bitcoin Spot ETFs, BlackRock is the main driver. With inflows of nearly $3 billion, the world's largest asset manager also leads the market here. By contrast, Grayscale's ETHE has had to deal with outflows of about $3.5 billion since trading began.

The underlying asset (Ethereum) is quoted at $3,900 at the time of writing, up 75 percent in a year.

Bitcoin, however, performed doubly well: the "digital gold" has risen 140 percent since December 2023. This success is largely due to BTC ETFs, which launched their trading in January. Since Jan. 11, about $34.5 billion has flowed into IBIT, FBTC and other Bitcoin ETFs.