US Spot ETH ETFs recorded $1.5B in net outflows in Q4 2025, the single highest quarter of net outflows for the sector.

Despite net outflows and a decline in ETH’s price, ETH ETFs have still had a strong year, posting 48.2% YoY growth. ETHA retains its commanding lead with 57.4% share of assets under management (AUM), followed by ETHE at 14.6%, Fidelity’s FETH at 12.3%, and ETH at 12.3%.

Source: https://www.coingecko.com/research/publications/2025-annual-crypto-report