Ethereum ETFs Debut with Strong Launch, Sparking Optimism for Future Crypto Funds
On July 23, the launch of Ethereum ETFs generated considerable buzz in the cryptocurrency sector.
Bitwise Asset Management’s Matt Hougan praised the impressive debut of these ETFs, suggesting it could pave the way for similar products, such as a Solana ( SOL ) ETF.
Hougan observed that the Ether ETFs, including Bitwise’s own ETH ETF, had a standout first day, drawing over $200 million in investments for ETHW alone. Overall, trading volumes exceeded $500 million, marking a significant achievement compared to average ETF launches.
The enthusiasm surrounding the Ethereum ETFs hints at a broader shift in crypto investments. Hougan anticipates that by 2025, the market will see a diverse range of crypto and index-based ETFs. Additionally, filings for a Solana ETF by VanEck and 21Shares suggest other altcoins might soon follow.
READ MORE:
Should We Expect a Spot XRP ETF in the United States?BlackRock’s ETH ETF led the day with $265 million in inflows, while Fidelity’s ETH ETF secured over $70 million. Conversely, Grayscale’s ETHE fund saw substantial outflows totaling $484 million.

Looking forward, Hougan expects a surge in institutional investment in both Bitcoin and Ethereum ETFs. Analysts project that Ether ETFs could attract over $10 billion in the first year. The SEC’s approval of Ethereum ETFs also fuels speculation about future ETF launches for other cryptocurrencies, potentially including Solana and XRP by 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OracleX Global Public Beta: Restructuring Prediction Market Incentive Mechanisms with "Proof of Behavior Contribution"
OracleX is a decentralized prediction platform based on the POC protocol. It addresses pain points in the prediction market through a dual-token model and a contribution reward mechanism, aiming to build a collective intelligence decision-making ecosystem. Summary generated by Mars AI The content of this summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

Bitcoin is not "digital gold"—it is the global base currency of the AI era
The article refutes the argument that bitcoin will be replaced, highlighting bitcoin's unique value as a protocol layer, including its network effects, immutability, and potential as a global settlement layer. It also explores new opportunities for bitcoin in the AI era. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

Bitcoin 2022 bear market correlation hits 98% as ETFs add $220M

Fed rate-cut bets surge: Can Bitcoin finally break $91K to go higher?
