On July 23, nine spot Ethereum ETFs launched, netting $107 million on their first day. However, by July 26, total outflows reached $341 million, largely due to the Grayscale Ethereum Trust’s $1.5 billion outflow.
Key ETFs include:
- Grayscale Ethereum Mini Trust (ETH): Low 0.15% fee, waived to 0% for six months, $164 million total inflows.
- Franklin Ethereum ETF (EZET): 0.19% fee, waived until 2025, $23.3 million inflows.
- Bitwise Ethereum ETF (ETHW): 0.20% fee, $265 million total inflows.
- Fidelity Ethereum Fund (FETH): 0.25% fee, waived until year-end, $219 million inflows.
Coinbase is the custodian for most, enhancing its market position. Early demand suggests strong future growth, with potential net flows of $15 billion in 18 months.
