The introduction of new spot Ether ETFs in the US has resulted in a significant increase in assets under management, surpassing the levels seen in December 2022.
Based on the latest report from CoinShares, the launch of spot Ether ETFs in the US has brought in a massive $2.2 billion in inflows, along with a staggering 542% increase in ETH exchange-traded products.
However, this milestone has been somewhat dampened by a net outflow of $285 million from Grayscale’s $1.5 billion Ethereum trust.
At the same time, Bitcoin has seen a total of $3.6 billion in inflows in the past month, bringing the year-to-date total to a record-breaking $19 billion.
CoinShares analysts attribute this surge to the excitement surrounding the upcoming US elections and the potential for Bitcoin to become a strategic asset.
