While the initial inflow levels for the new Ethereum ETFs are positive, they represent only 10% to 20% of what BTC funds achieved during their first day. Adrian Fritz, a research head at 21Shares, noted that Bitcoin’s narrative as a store of value is simpler and thus more attractive to investors. Despite this, he remains optimistic, stating that Ethereum can still gain considerable institutional attention with time and education. One analyst predicted that ETH ETFs could reach between $1 billion and $2 billion in total assets within three months, which would be significantly lower than the $12.7 billion garnered by Bitcoin ETFs in a similar timeframe.
On the first trading day, three key ETFs — Blackrock’s iShares Ethereum Trust ETF, Bitwise Ethereum ETF, and Fidelity Ethereum Fund — led in terms of inflows, attracting amounts of $266 million, $204 million, and $71 million, respectively. This robust performance is credited to the strong distribution networks of Blackrock and Fidelity, which have established institutional client bases, as well as Bitwise’s ability to attract individual investors involved in cryptocurrencies. However, these inflows faced competition from the Grayscale Ethereum Trust, which saw approximately $484 million in outflows. Overall, the combined inflows for the new ETH ETFs totaled about $590 million, a strong start that indicates early interest from institutional investors.
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