A year has passed since the launch of Ethereum ETF funds in the US market, which provided investors with a regulated way to gain exposure to the performance of the second largest digital assets without needing to own the currency itself.
These funds have experienced sharp fluctuations over the past 12 months, starting with modest performance and limited inflows, interspersed with periods of outflows, and later massive positive inflows.
Despite the challenges, these products have contributed to the adoption of Ethereum by institutional investors.
On the first trading day, the nine funds collectively recorded inflows of about $106 million.
However, the performance of Grayscale ETHE impacted the overall outcome due to large outflows.
The 'ETHA' fund from BlackRock emerged as one of the most attractive funds, achieving $266 million on the first day, followed by ETHW from Bitwise with $204 million, and FETH from Fidelity with $71 million, while inflows in other funds ranged between $7.5 million and $13 million.
Over time, performance gradually improved.
On July 16, these funds recorded their highest daily inflow of $726 million, followed by $602 million the next day.
The positive inflows continued for 11 consecutive days, during which over $2.8 billion was accumulated.
BlackRock remains at the top in terms of assets under management at $7.92 billion, followed by Grayscale with $3.46 billion.
Despite this growth, the journey has not been easy.
The weak performance of the Ethereum price and the continued outflows from the 'Grayscale' fund have put pressure on the market.
Until mid-November, inflows remained limited, until a positive wave began that lasted for 18 days, later recording a new record series of inflows for 19 consecutive days ending on June 12.
Today, with increasing investor interest in Ethereum, all eyes are on the future of these funds in the coming year.
