According to Nansen, the Bitwise Ethereum Spot ETF surpassed BlackRock on July 30, or because Bitwise waived a 0.2 per cent fee in the six months before its ETF launch to "increase inflows". BlackRock's Ethereum Spot ETF returned to the top spot in terms of trading volume with AUM accounting for 5.59 per cent as of press time on July 31.