US-traded Ethereum ETFs have seen inflows of over $2 billion in less than a month, excluding outflows from Grayscale’s ETHE. This cumulative value would make it the fourth-largest ETF launch to date. The top three ETF launches are all Bitcoin ETFs. Bloomberg has reported that global ETF flows for the year have reached $911 billion, with US-traded spot crypto ETFs accounting for nearly 2% of that total. Despite the strong inflows, Ethereum ETFs have been underperforming compared to their Bitcoin counterparts due to Ethereum’s weak performance and other market factors such as the interest rate hike in Japan and correlation with equities.
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US-traded spot Ethereum ETFs amass $2 billion in inflows
