Ethereum spot ETFs have not generated much excitement among investors. They have been listed for more than two months, having started trading in late July. While Bitcoin spot ETFs have attracted almost $19 billion in ten months, Ethereum ETFs have mostly seen capital outflows.
Grayscale’s ETHE, which previously existed as a cryptocurrency trust, has seen the most significant outflows since converting to an ETF, with demand from other funds failing to offset them. As a result, the ETFs have collectively seen a net outflow of $546 million since their launch.
Ethereum Spot ETF Performance Since September 23, 2024
This week alone, the instruments have seen a net inflow of just $2 million. And on Monday and Wednesday, these ETFs saw no investor activity at all.
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