Market Reports

The Rocky Debut of Ethereum ETFs: A Test of Market Resilience

By RT Staff Reporters · July 25, 2024 · 2 min read

The U.S. introduction of Ethereum ETFs received a turbulent reception, affecting the broader crypto markets.

Initially met with optimism, these ETFs faced a swift reality check. Ethereum’s value fell by 8%, while Bitcoin also dropped to slightly over $64,000.

These changes were underscored by significant fund withdrawals, reaching $133 million in just one day, suggesting a decline in investor interest.

Ethereum, distinct from Bitcoin, serves as a complex technological platform continuously undergoing updates.

This complexity makes it less attractive to certain investors, unlike Bitcoin’s valued simplicity and stability.

Spot ETFs, which mandate fund managers to directly hold the tokens, could tighten market supply and drive prices up.

The Rocky Debut of Ethereum ETFs: A Test of Market Resilience. (Photo Internet reproduction)

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This structural demand may render Ethereum a rarer asset, potentially enhancing its value over time.

Ethereum ETFs could reshape the crypto investment scene, marking a significant shift in investor strategy and market trends.

Background

Here’s a quick overview of the top Ethereum ETFs as of July 2024:

Grayscale Ethereum Trust (ETHE): Grayscale Investments launched ETHE in 2017. ETHE holds over $10.15 billion in assets. It offers indirect Ethereum exposure. The total expense ratio (TER) is 2.50%.
21Shares Ethereum Staking ETP (AETH): 21Shares has managed AETH since 2021. AETH holds $535 million in assets. It combines market exposure with staking rewards. The total expense ratio (TER) is 1.49%.
XBT Provider Ethereum Tracker One (COINETH): XBT Provider started this ETN in 2020. It holds $433 million in assets. The ETN directly mirrors Ethereum’s USD price.
CI Galaxy Ethereum ETF (ETHX.B): CI Global Asset Management established ETHX.B in 2021. It is a Canadian ETF that directly holds Ethereum. The ETF has approximately $423 million in assets.
Purpose Ether ETF (ETHH): Purpose Investments launched the first physically settled Ether ETF in 2021. It holds Ethereum in cold storage. The ETF has $342 million in assets. Its total expense ratio (TER) is 1.50%.

These ETFs offer diverse options for Ethereum investment, from indirect exposure through trusts to direct holdings in physical settlement forms.

Live Market IntelligenceCrypto — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Crypto — Live Market Board

Digital assets
Jul 21, 2026 · 18:48

Bitcoin · benchmark

66,314
+1.66%

L 65,139day rangeH 66,891

-43.54% over 12 months

Market breadth · 17 names

76% advancing

13 ▲ advancing4 declining ▼

Currencies, rates & key inputs

Ethereum

1,925

+1.13%

Solana

78.06

+0.34%

Gold

4,082

+1.79%

USD / BRL

5.07

-0.37%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
BTC	66,314	+1.66%	-43.54%	65,230	66,891	65,139	29,478,934,528
ETH	1,925	+1.13%	-48.85%	1,904	1,945	1,901	12,568,393,728
SOL	78.06	+0.34%	-60.17%	77.79	78.68	77.61	1,601,333,120
XRP	1.15	+3.00%	-67.75%	1.11	1.16	1.11	1,508,269,952
BNB	573.75	+0.53%	-25.17%	570.73	579.09	570.66	1,110,808,960
ADA	0.17	+1.89%	-80.57%	0.17	0.18	0.17	417,649,792
DOGE	0.07	+1.66%	-73.01%	0.07	0.07	0.07	565,129,152
AVAX	6.57	-0.09%	-74.19%	6.58	6.68	6.55	236,080,208
LINK	8.64	+0.60%	-55.79%	8.58	8.74	8.57	252,487,168
DOT	0.85	+3.37%	-81.04%	0.83	0.87	0.83	99,178,136
LTC	46.92	-0.88%	-59.50%	47.34	47.99	46.87	216,585,744
BCH	224.44	+2.06%	-57.13%	219.90	226.46	219.72	107,355,328
TRX	0.33	+0.78%	+4.72%	0.33	0.33	0.33	431,184,352
XLM	0.19	+2.32%	-59.27%	0.19	0.20	0.19	169,472,448
HBAR	0.07	+4.76%	-74.25%	0.07	0.07	0.07	69,707,448
NEAR	1.93	-2.46%	-36.25%	1.98	2.06	1.92	224,760,768
ATOM	1.48	-0.67%	-71.42%	1.49	1.51	1.48	21,077,828
AAVE	95.33	+6.19%	-70.44%	89.77	96.32	89.73	233,064,256

Largest moves today

AAVE
95.33
+6.19%

HBAR
0.07
+4.76%

DOT
0.85
+3.37%

XRP
1.15
+3.00%

NEAR
1.93
-2.46%

XLM
0.19
+2.32%

BCH
224.44
+2.06%

ADA
0.17
+1.89%

The session read

The Bitcoin rose 1.66%, with breadth positive — 13 of 17 names higher. AAVE led, while NEAR lagged.

From The Rio Times

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The Rocky Debut of Ethereum ETFs: A Test of Market Resilience

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