## [# Ethereum ETFs Topped Gains Last Week; VOO Led Flows](/sections/weekly-etf-flows/ethereum-etfs-topped-gains-last-week-voo-led-flows)
# Ethereum ETFs Topped Gains Last Week; VOO Led Flows
SPY again led outflows as investors appear to bet on approval and gains in spot ethereum ETFs.
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[By Ron Day](/contributors/ron-day)
Mar 11, 2024
Edited by: James Rubin
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Ethereum futures exchange-traded funds topped last week's gainers, as rising anticipation that a spot fund is nearing approval propelled the price of the second-largest cryptocurrency higher.
In terms of [flows](/sections/weekly-etf-flows/voo-again-leads-weekly-inflows-spy-tops-outflows), last week's leader and loser repeated, with the [**Vanguard 500 Index Fund (VOO)**](/voo) leading inflows and the [**SPDR S&P 500 ETF Trust (SPY)**](/spy) tops in outflows for the second straight week. VOO's $2.7 billion in inflows brings its assets under management to $424.4 billion and narrows the gap with SPY, the world's oldest and biggest ETF, whose $3.52 billion in outflows brought its AUM to $505.6 billion.
Ethereum futures funds led all products higher as the No. 2 cryptocurrency soared 15% in the past seven days on hopes that a spot ethereum fund is next to market following the wildly successful launch of [spot bitcoin](/topics/cryptocurrency) ETFs in January (see tables below). Spot bitcoin ETFs now hold $55.5 billion, according to Bloomberg data, and investors appear to be betting approval and a successful launch of a spot ethereum ETF in the coming months will bring in billions.
The four-month-old [**ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ)**](/arkz), with $9.6 million in assets, topped all ETFs with a 9.5% gain. That was followed by the [**Bitwise Ethereum Strategy ETF (AETH)**](/aeth)'s 9.4% gain; a 9.3% jump in the [**ProShares Ether Strategy ETF (EETH)**](/eeth) and an 8% increase in the [**VanEck Ethereum Strategy ETF (EFUT)**](/efut). EETH is the largest in the group with $76.3 million in assets.
Regarding VOO and SPY, both track the S&P 500. VOO, with $16 billion in inflows so far this year, is often seen as a proxy for momentum toward long-term trading, while SPY may be used more in short-term trades. VOO's management fee of 0.03% undercuts SPY's 0.09% and VOO permits dividend reinvestments.
SPY's outflows may show caution on the part of short-term traders and other market timers, etf.com senior analyst Sumit Roy said last week.
## Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)[ARKZ](https://www.etf.com/ARKZ)[ARK 21Shares Active Ethereum Futures Strategy ETF](https://www.etf.com/ARKZ)9.45%166,2809.62[AETH](https://www.etf.com/AETH)[Bitwise Ethereum Strategy ETF](https://www.etf.com/AETH)9.40%106,36412.04[EETH](https://www.etf.com/EETH)[ProShares Ether Strategy ETF](https://www.etf.com/EETH)9.25%694,55376.27[EFUT](https://www.etf.com/EFUT)[VanEck Ethereum Strategy ETF](https://www.etf.com/EFUT)7.97%246,64132.42[PALL](https://www.etf.com/PALL)[Aberdeen Standard Physical Palladium Shares ETF](https://www.etf.com/PALL)7.40%293,429219.05[URNJ](https://www.etf.com/URNJ)[Sprott Junior Uranium Miners ETF](https://www.etf.com/URNJ)6.94%833,431340.42[ARKY](https://www.etf.com/ARKY)[ARK 21Shares Active Bitcoin Ethereum Strategy ETF](https://www.etf.com/ARKY)6.49%21,2604.68[URNM](https://www.etf.com/URNM)[Sprott Uranium Miners ETF](https://www.etf.com/URNM)6.45%2,482,1551,644.80[COPJ](https://www.etf.com/COPJ)[Sprott Junior Copper Miners ETF](https://www.etf.com/COPJ)5.98%22,0615.52[URA](https://www.etf.com/URA)[Global X Uranium ETF](https://www.etf.com/URA)5.96%12,981,4642,818.19Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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[ Ron Day Contributing Editor ](/contributors/ron-day)
Ron Day is Contributing Editor at etf.com. He joined the company in October 2022 and has served as Managing Editor, deputy managing editor and… [View Bio](/contributors/ron-day)
Related Topics [SPDR](http://www.etf.com/topics/spdr)
[Vanguard](http://www.etf.com/topics/vanguard)
[Spot Bitcoin](http://www.etf.com/topics/spot-bitcoin)
[Crypto](http://www.etf.com/topics/cryptocurrency)