We’ve just passed two months since the launch of spot Ethereum 
ETH +3.34% ETFs in the U.S., and we thought it was an appropriate time to do a roundup. Since their launch on July 23, Ethereum ETFs have been chugging along, accumulating $13 billion in cumulative spot volume across nine funds.
For context, the BTC ETFs surpassed $13 billion in cumulative volume in the first seven days. While the ETH ETF performance might appear weak, trading volume in the initial days was in line with analyst predictions.
Daily trading volumes have settled into a rhythm, consistently hovering between $100 and $250 million. While not as explosive as some had hoped, this steady flow indicates a sustained interest from institutional investors.
The Grayscale Ethereum Trust (ticker ETHE) has remained the frontrunner, commanding 40% of the volume share. With $4.23 billion in assets under management (AUM), ETHE accounts for nearly two-thirds of the total $6.7 billion AUM across all Ethereum ETFs.
Despite the initial hype, the ETFs' impact on Ethereum's price has been muted. The lukewarm price action suggests that much of the anticipation may have been priced in before the ETFs hit the market.
However, the importance of these ETFs extends beyond mere price movements:
Looking ahead, the U.S. presidential election could provide an unexpected boost to the crypto ETF landscape. Both major candidates have signaled support for the industry, potentially paving the way for a more crypto-friendly regulatory environment.
As we watch this space evolve, one question looms large: Can Ethereum ETFs replicate the success of their Bitcoin counterparts, or will they carve out their own unique path in the world of institutional crypto investments?
This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
