Recently launched spot Ethereum exchange-traded funds (ETFs) have seen lower volumes and inflows compared to Bitcoin ETFs.
BlackRock's ETHA has attracted $1.45 billion in net inflows, while Fidelity's FETH and Bitwise's ETHW have seen inflows of $498 million and $321 million, respectively.
Reasons for the slow start of Ethereum ETFs include the timing of their launch during a traditionally slower investment period and the focus on Bitcoin during that time.
Bitwise CEO believes it is too early to judge Ethereum ETFs' long-term potential and highlights the success of Bitwise's European franchise that offers exposure to Ethereum and captures staking rewards.