A Year in Review: The Performance of Spot Ethereum ETFs

Around a year ago, spot Ethereum exchange-traded funds (ETFs) were introduced into the US financial market, providing a regulated way to invest in the second-largest cryptocurrency. Their journey has been a challenging one, with initial slow start and outflows, but they have significantly contributed to institutional crypto adoption. On their debut, the nine products collectively saw $106 million in positive flows. BlackRock's spot Ethereum ETF led with $266 million inflows.

Despite initial outflows, the funds have since seen massive positive flows, with the highest ever recorded at over $726 million. Despite Ethereum performing poorly in this cycle, these ETFs have been on a continuous inflow streak, amassing over $2.8 billion in flows, and it remains to see how they will perform in the next 12 months.