Spooked by Bitcoin? Here Are the 6 Biggest Ethereum and Solana ETFs

Core Insights - Bitcoin is facing significant challenges, including a $523 million single-day outflow from the iShares Bitcoin Trust ETF (IBIT), while Ethereum and Solana are gaining traction among digital currency enthusiasts [1] - Bitcoin remains the largest cryptocurrency with a market capitalization of $1.8 trillion, followed by Ethereum at $364 billion and Solana at $73.8 billion [2] Ethereum Overview - Ethereum, launched in July 2015, is the second-largest cryptocurrency by market cap and serves as a decentralized blockchain and application/smart contract development platform powered by ether (ETH) [3] - The Ethereum network transitioned to a proof-of-stake (PoS) consensus mechanism in 2022, which is 99% more energy-efficient than the previous proof-of-work (PoW) system [3] - Key advantages of Ethereum include self-executing smart contracts, decentralization, and improved energy efficiency, while challenges include scalability issues and price volatility [3] Ethereum ETFs - The iShares Ethereum Trust ETF (ETHA) has assets of $11.5 billion and has seen net inflows of $9.56 billion in 2024 [4] - The Grayscale Ethereum Trust ETF (ETHE) holds $2.96 billion in assets and has experienced net outflows of $1.34 billion this year [4] - The Fidelity Ethereum Fund ETF (FETH) has assets of $2.3 billion with net inflows of $1.03 billion in 2024, while the Grayscale Ethereum Mini Trust (ETH) holds $2.26 billion and has garnered net inflows of $872 million this year [4]