The launch of spot-based Ether exchange-traded funds (ETFs) marks one of the largest inflows into the asset since December 2022. According to a CoinShares report, new Ether (ETH) ETFs generated $2.2 billion in inflows and a 542% increase in ETH exchange-traded products (ETPs). However, net outflows of $285 million from Grayscale's $1.5 billion existing fund offset this increase.

Bitcoin (BTC) also attracted $3.6 billion in inflows in the last month, reaching a total of $19 billion since the beginning of the year. CoinShares analysts state that this increase is due to speculation around the US elections and BTC's potential as a strategic reserve.

The digital asset market continues to grow, with total assets under management reaching $99.1 billion. Total inflows for 2024 broke a record with 20.5 billion dollars. Trading volumes reached an all-time high in May with the launch of Ether ETFs.

Grayscale Ethereum Trust ETF (ETHE) experienced a $1.5 billion outflow. However, Grayscale's Ethereum Mini Trust ETH (ETH) performed well, recording net inflows of $44.9 million on July 26.

What do you think about these developments? Share your opinions in the comments.