Once upon a time, in the bustling world of finance, the spot Ethereum ETFs (exchange-traded funds) made their grand entrance, albeit a bit shyly, compared to their more flamboyant Bitcoin cousins. But fear not, for the tides have turned, and the tale of these ETH-linked investments has taken a rather dramatic-and lucrative-twist in recent months.
Indeed, the adventures of these spot Ethereum ETFs have not gone unnoticed, much like a magician’s trick that leaves the audience in awe. The price of ETH, as if enchanted by a powerful spell, soared to an all-time high of $4,887 on the fateful Friday, August 22. Yet, the real magic lies in the fact that these ETFs are now outshining their Bitcoin counterparts, much to everyone’s surprise and delight.
Spot Ether ETFs Register $8.2 Billion Inflows Since July
Nate Geraci, the wise and witty President of NovaDius Wealth Management, took to the X platform to share a tale of financial wizardry. He revealed that the spotlight has shifted, and spot Ethereum ETFs are now basking in the glow of investor attention, leaving the Bitcoin ETFs in the shadows. Over the past two months, these ETH-linked marvels have continued to set records, proving that sometimes, the underdog can become the champion.
According to Geraci’s enchanted scroll, the US-based Bitcoin ETFs have seen a net outflow of over $1.2 billion in August alone. Meanwhile, the Ethereum ETFs have welcomed more than $2.8 billion in total net inflows during the same period. It seems the market has decided to play a game of “Ethereum, not Bitcoin,” much to the chagrin of Bitcoin enthusiasts.
Geraci further noted that since the beginning of July, the Ethereum ETFs have attracted almost double the capital of the Bitcoin ETFs. The numbers speak for themselves: the Ethereum ETFs have amassed over $8.2 billion, while the spot BTC funds have gathered a mere $4.8 billion in the past two months. It’s a story of David and Goliath, but with a digital twist.
Data from SoSoValue adds another layer to this fantastical narrative, showing that the spot ETH ETFs experienced a daily net inflow of $337.63 million on Friday. This single-day triumph marked the end of a dark period, where nearly $1 billion was withdrawn from the Ethereum funds in the first four trading days of the past week. A true phoenix rising from the ashes!
However, the week wasn’t without its challenges. Cumulatively, the spot Ethereum ETFs faced a net outflow of nearly $579 million, the worst weekly performance since their inception. This downturn, however, pales in comparison to the previous week’s record-breaking inflow of $2.85 billion, a testament to the volatile nature of the market and the enduring spirit of Ethereum.
Ethereum Price At A Glance
The price of ETH, ever the mirror of the market’s mood, reflects the positive sentiment surrounding the ETH ETFs. As of this writing, the price of Ethereum stands at approximately $4,750, a mere 0.3% decline in the past 24 hours. Yet, the past seven days have seen a near 8% increase, according to CoinGecko. It’s a tale of resilience and growth, much like a hero’s journey in a novel by Bulgakov himself.
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2025-08-24 17:20