Despite going through an extended crypto bear market, the most recent approvals and launches of multiple Ether Futures ETFs have boosted institutional investors’ interest in the second-largest cryptocurrency by market cap: Ethereum (ETH).
On October 2, six Ether Futures financial products started to be officially traded. They are, as follows, with their respective net expense ratios, according to CNBC:
BitWise Ethereum Strategy ETF (AETH), 0.85%Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), 0.85%ProShares Ether Strategy ETF (EETH), 0.95%ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE), 0.95%Bitcoin & Ether Market Cap Weight Strategy ETF (BETH), 0.95%VanEck Ethereum Strategy ETF (EFUT), 0.66%In this context, James Butterfill — Head of Research at CoinShares Co. — reported an institutional inflow of $13 million in Ethereum products by October 4, being the first net-positive week in a seven-week run.
Weekly Crypto Asset Flows (US$m) — 2022-2023. Source: CoinShares
As of October 4, Ethereum alone saw a $101 million outflow year-to-date (YTD), while Bitcoin had a $219 million inflow in the same time frame. However, weekly and month-to-date (MTD) flows are very similar for both assets, with $16.4 million and $12.9 million inflows for BTC and ETH, respectively.
Flows by Asset (US$m) in October. Source: James Butterfill
Interestingly, Solana (SOL) was the leading asset in institutional investors’ inflow for the first week of October, considering the data shared by James Butterfill, with $22.7 million of net capital being put into Solana’s financial products — creating a good opportunity for SOL investors.
