The U.S. Spot Ethereum ETF has marked its one-year anniversary, a milestone with $8.64 billion in net inflows since the product first launched in July 2024.
The product, which provides institutional and retail investors with regulated exposure to Ethereum, has seen a consistent growth of demand over the past 12 months, with inflows picking up over the most recent couple of weeks.
Nine issuers operate active Ethereum exchange-traded funds in the US, including industry heavyweights BlackRock, Grayscale, and Fidelity. Collectively, the funds have around $19.68 billion in assets under management (AUM).
Figures by SosoValue reveal that market leader BlackRock contributed $426.22 million in inflows, followed by Grayscale with $72.64 million and Fidelity with $35.01 million.
The momentum continued to build in July 2025, as $2.12 billion went into ETH ETFs during the last week alone. July 16 experienced $727 million in net inflows alone. Though there was some initial apprehension regarding performance and interest in the market, the product has turned out to be a force to be reckoned with in the realm of crypto investing.
Against Bitcoin ETFs, Ethereum still lags behind in aggregate inflows and AUM, with Bitcoin sitting at $153.25 billion of AUM and $39.93 billion of aggregate inflows.
Yet, monthly trends have shown Ethereum to be ahead of Bitcoin in certain months, particularly in July, with ETH ETFs having $4.44 billion compared to Bitcoin’s $5.49 billion.
The growing popularity of Ethereum is being driven by a number of factors, including bullish price action, greater desire for staking yield facilities, and the current altcoin season narrative.
Analysts are proposing that if ETH staking facilities are sanctioned by regulators, inflows could increase further. Intriguingly, BlackRock has reportedly been purchasing Ethereum five times as much as Bitcoin in the last few months.
Even as the general Bitcoin market keeps gaining traction, the consistent performance and growing demand for Ethereum ETFs point towards a sophisticated ecosystem in which ETH is becoming an ever-more integral part.
With the second year now in motion, everyone’s attention is now solely on whether ETH ETFs are going to continue expanding and potentially close the gap with their Bitcoin cousins.
