Key Insights:

• US-based Ethereum ETFs have attracted $8.69 billion in net inflows since their launch in July of last year.
• BlackRock’s ETHA leads the market, absorbing over $8.9 billion, while Grayscale’s ETHE has faced $4.3 billion in outflows.
• Ethereum ETFs have seen record-breaking inflows in recent weeks, including a $726.6 million single-day high.

The US’s nine spot Ethereum ETFs were approved on 23 July. These crypto-based financial vehicles marked a major milestone in the country’s crypto investment, and have brought in a collective $8.69 billion in net inflows since then.

These products now manage more than $16.57 billion in assets, with offerings from major players like BlackRock, Fidelity, Bitwise, VanEck, Invesco, Franklin Templeton, 21Shares, and two funds from Grayscale. 

Their growth over the past year shows Ethereum’s rising acceptance as a long-term investment vehicle, especially for institutions seeking exposure to crypto.

Rising Ethereum Inflows Despite Market Volatility

Ethereum’s price has seen its ups and downs over the past 12 months. After hitting highs around $4,000 in December and dipping to lows of $1,500 in April, ETH currently trades above $3,600. 

That represents a modest 8% year-over-year gain. While this may seem underwhelming compared to Bitcoin’s massive bull run, the real story lies in the inflows.

Over just the past 14 trading sessions, Ethereum ETFs have pulled in approximately $3.9 billion, which is nearly half of their total one-year net inflows. These gains include some of the strongest single-day performances the funds have ever seen.

On July 16 alone, the ETFs drew a record-breaking $726.6 million in net inflows. Two weeks later, on their first anniversary, they added another $332.2 million, which ranks as their seventh-best inflow day ever.

This wave of activity indicates that confidence is on the rise among investors. 

According to Nate Geraci, six of the top seven inflow days occurred within the past two weeks, in a show of strong upward strength.

Spot eth ETFs celebrate 1yr anniversary w/ $330mil inflows…

7th best day since launch.

6 of top 7 inflow days have come in past *2 weeks*.

Now 13-day inflow streak altogether.

$4.4bil new $$$.

— Nate Geraci (@NateGeraci) July 24, 2025

BlackRock Leads While Grayscale Retreats

Among the nine Ethereum ETFs, BlackRock’s iShares Ethereum Trust ETF (ETHA) has been the market leader so far. ETHA alone accounts for $8.9 billion in net inflows, which is more than the total for all other Ethereum ETFs combined. 

This success has helped offset the $4.3 billion in net outflows from Grayscale’s Ethereum Trust ETF (ETHE), which started as a trust in 2017, before converting to an ETF.

Geraci highlighted that nearly 1,000 ETFs have launched in the US since July 2024, and BlackRock’s ETHA now leads all of them in inflows. This is very impressive, especially in a crowded ETF market.

Spot ether ETFs began trading one year ago today…

Since that time, nearly 1,000 ETFs have launched.

iShares Ethereum ETF leads *all* of them in inflows w/ $8.5bil.

— Nate Geraci (@NateGeraci) July 23, 2025

The Next Big Step for Ethereum ETFs

Now that Ethereum ETFs have established themselves, fund issuers are looking ahead to the next phase, which is staking.

If ETF issuers gain approval to add staking to their funds, it could unlock a new source of passive income for investors. It could also improve the overall value proposition of holding ETH in an ETF.

The SEC is reportedly considering applications that would allow Ethereum ETFs to stake their holdings, and analysts predict that approvals could come as soon as this month.