The trading volume share of spot Ethereum ETFs has risen to 15%, significantly higher than last year's 3%.
Jinse Finance reported that as of September 2025, spot Ethereum ETF trading volume accounted for 15% of the overall spot market, a significant increase from 3% three months after the ETF launch in November 2024. This trend reflects the growing preference among institutions and retail investors to gain Ethereum exposure through regulated ETFs rather than directly holding tokens, in order to avoid self-custody and security risks. The ETF has driven Ethereum's price up by more than 30% year-to-date to around $4,500, but has also resulted in a large amount of ETH being concentrated in ETF custodians, weakening decentralization. As some ETF providers seek to obtain staking permissions, the current idle capital status may change in the future. Analysts expect ETFs to play a more dominant role in the Ethereum market structure, and the integration of crypto assets through traditional financial channels will continue to deepen.
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