Ethereum ETFs Are Thriving Amid 'Overdue Excitement' and Rising Optimism: Analysts
While Ethereum’s Wall Street debut got off to a rocky start, analysts say there’s been a shift in ETF momentum following Election Day.
André Beganski
By André Beganski
Nov 16, 2024
4 min read
Image created by Decrypt using AI.
Image created by Decrypt using AI.

Ethereum ETFs are riding a wave of post-election momentum, reversing a tide of billions of dollars in outflows that had dampened investor enthusiasm when launched this summer.

Cumulative net inflows for spot Ethereum ETFs flipped positive Tuesday, hitting $94 million, according to SoSo Value data. Representing the total amount of money that nine investment products for Ethereum have taken in so far, the figure had climbed to $238 million on Thursday.

When spot Ethereum ETFs debuted in July, the initial picture was ugly. The Grayscale Ethereum Trust (ETHE) saw $1.7 billion worth of outflows in its first five trading days, bleeding cash as the price of Ethereum…