US Ether ETFs celebrate 1 year with bullish inflow streak
Spot Ether ETFs went live on the US market one year ago, have taken in nearly $8.7 million in net inflows and now wield over $16.6 billion in assets.
US-based spot Ether exchange-traded funds marked their one-year trading anniversary on Wednesday amid a three-week run of inflows that included some of their strongest days to date.
The US Securities and Exchange Commission approved the spot Ether (ETH) ETFs to begin trading on July 23, 2024, with funds from BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, Invesco and two from Grayscale hitting the market.
In the 12 months since, those nine ETFs have taken in total net inflows of about $8.69 billion and command assets under management of $16.57 billion, according to CoinGlass.
