On July 23, nine spot Ethereum exchange-traded funds (ETFs) debuted on U.S. stock exchanges, garnering net inflows of $106 million, significantly lower than the $655 million attracted by Bitcoin ETFs at their launch. Leading the inflows were BlackRock's iShares Ethereum Trust ETF with $266.5 million and Bitwise Ethereum ETF with $204 million, while Grayscale's Ethereum Trust faced outflows of $484 million. Despite the initial success, Ethereum's price has shown little movement, currently trading around $3,457.20, down over 2% in the last 24 hours. Analysts predict significant institutional interest, forecasting inflows of up to $5.4 billion within six months and a potential Ethereum price increase to $5,000. The SEC's approval of these ETFs marks a pivotal moment for crypto investments, yet concerns remain regarding the exclusion of staking Ether. The varied investor reactions highlight a complex market landscape with opportunities and challenges ahead.