Greg Miller
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One Year of US Spot Ethereum ETFs...How Far Have They Come and What’s Next?
Ethereum spot ETFs launched in the U.S. one year ago, and they’ve come a long way. These funds now have over $8 billion in net inflows and are gaining more interest from both regular investors and big institutions. Experts believe the future looks strong, especially if staking gets added to the mix.
Katherine Wu from ENS Labs says the Ethereum ETFs are more than just investment tools. Unlike Bitcoin ETFs, which focus on a scarce digital asset, Ethereum ETFs offer access to a smart, useful blockchain that powers stablecoins, tokenization, and real-world assets. It’s not just about $ETH anymore, it’s about the whole ecosystem.
Ethereum ETFs: Reaching the Third-Highest Daily High
Since getting approval from the SEC, nine Ethereum spot ETFs started trading on July 23, 2024, pulling in over $1 billion on their first day.
Fast forward to July 23, 2025, and those ETFs have now collected a total of $8.32 billion in net inflows. While that’s smaller than Bitcoin ETFs’ $54.55 billion, Ethereum’s momentum is growing fast.
Just this week, the funds saw $533.87 million in inflows, the third-highest ever. The top record was $726.74 million on July 16. July also brought a 13-day streak of positive inflows.
Total ETF assets reached a new high of $19.85 billion.
Among the top performers:
🔹BlackRock: $426.22 million in one day
🔹Grayscale: $72.64 million
🔹Fidelity: $35.01 million
Wu says these big numbers show that institutions aren’t just watching, they’re investing heavily in Ethereum.
What’s Next: Price
Ethereum recently crossed $3,500, and analysts believe this rally is just getting started.
Sean Dawson of Derive.xyz says this rally belongs to ETH, not Bitcoin. He believes there’s a shift happening, based on technical charts, liquidations, and investor positioning, that could make the rest of 2025 the strongest year for Ethereum yet.
He describes it as a “regime change,” meaning the market is starting to realize Ethereum’s full potential. With ETF interest, falling rates, and strong investor mood, many expect ETH to soon break above $4,000.
At the moment, Ethereum trades at $3,677, still down from its all-time high of $4,878 in 2021.
What’s Next: Staking ETFs
Now that Ethereum ETFs are well established, the next big move could be ETFs with staking. That means ETH held by these funds could start earning rewards, just like how regular users stake their ETH on the blockchain.
BlackRock has already filed to enable staking in its ETH ETF. Katherine Wu says this move shows Ethereum is being seen as more than just a hold-and-sell asset, it’s a tool that can generate income.
Adding staking would make ETFs even more attractive by providing native yield, a key feature for investors.
Alon Muroch from SSV Labs says the SEC might approve staking if the crypto industry can prove it’s safe and not a type of securities offering. If approved, this would bring more adoption and stronger ties between traditional and decentralized finance.
Leo Fan, co-founder of Cysic, adds that staking would give Ethereum ETFs real-world value, making them more competitive.
Dan Hughes, founder of Radix DLT, warns that regulators should ensure these new ETF products benefit more than just big institutions. If not, there’s a risk that old power structures could dominate crypto, which goes against what DeFi stands for.
#ETH #ETHETFS #ETHETFsApproved #GregLens
Katherine Wu from ENS Labs says the Ethereum ETFs are more than just investment tools. Unlike Bitcoin ETFs, which focus on a scarce digital asset, Ethereum ETFs offer access to a smart, useful blockchain that powers stablecoins, tokenization, and real-world assets. It’s not just about $ETH anymore, it’s about the whole ecosystem.
Ethereum ETFs: Reaching the Third-Highest Daily High
Since getting approval from the SEC, nine Ethereum spot ETFs started trading on July 23, 2024, pulling in over $1 billion on their first day.
Fast forward to July 23, 2025, and those ETFs have now collected a total of $8.32 billion in net inflows. While that’s smaller than Bitcoin ETFs’ $54.55 billion, Ethereum’s momentum is growing fast.
Just this week, the funds saw $533.87 million in inflows, the third-highest ever. The top record was $726.74 million on July 16. July also brought a 13-day streak of positive inflows.
Total ETF assets reached a new high of $19.85 billion.
Among the top performers:
🔹BlackRock: $426.22 million in one day
🔹Grayscale: $72.64 million
🔹Fidelity: $35.01 million
Wu says these big numbers show that institutions aren’t just watching, they’re investing heavily in Ethereum.
What’s Next: Price
Ethereum recently crossed $3,500, and analysts believe this rally is just getting started.
Sean Dawson of Derive.xyz says this rally belongs to ETH, not Bitcoin. He believes there’s a shift happening, based on technical charts, liquidations, and investor positioning, that could make the rest of 2025 the strongest year for Ethereum yet.
He describes it as a “regime change,” meaning the market is starting to realize Ethereum’s full potential. With ETF interest, falling rates, and strong investor mood, many expect ETH to soon break above $4,000.
At the moment, Ethereum trades at $3,677, still down from its all-time high of $4,878 in 2021.
What’s Next: Staking ETFs
Now that Ethereum ETFs are well established, the next big move could be ETFs with staking. That means ETH held by these funds could start earning rewards, just like how regular users stake their ETH on the blockchain.
BlackRock has already filed to enable staking in its ETH ETF. Katherine Wu says this move shows Ethereum is being seen as more than just a hold-and-sell asset, it’s a tool that can generate income.
Adding staking would make ETFs even more attractive by providing native yield, a key feature for investors.
Alon Muroch from SSV Labs says the SEC might approve staking if the crypto industry can prove it’s safe and not a type of securities offering. If approved, this would bring more adoption and stronger ties between traditional and decentralized finance.
Leo Fan, co-founder of Cysic, adds that staking would give Ethereum ETFs real-world value, making them more competitive.
Dan Hughes, founder of Radix DLT, warns that regulators should ensure these new ETF products benefit more than just big institutions. If not, there’s a risk that old power structures could dominate crypto, which goes against what DeFi stands for.
#ETH #ETHETFS #ETHETFsApproved #GregLens
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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