Crypto NewsEthereumFinally, the Expected Happened and Ethereum ETFs Were Launched! Here is the...

Finally, the Expected Happened and Ethereum ETFs Were Launched! Here is the Market Data of the First Day!

US spot Ethereum exchange-traded funds (ETFs) recorded an impressive net inflow of $106.7 million on their first day.

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In their first trading day, US spot Ethereum exchange-traded funds (ETFs) recorded an impressive net inflow of $106.7 million, accompanied by trading volume of over $1 billion. This development underlines the growing investor interest in Ethereum-based financial products.

US Spot Ethereum ETFs Gain $106.7 Million in First Day of Trading

Eight issuers launched nine different Ethereum ETFs on Tuesday. Among these, BlackRock's ETHA led with a net inflow of $266.55 million.

Bitwise's ETHW followed closely behind, pulling in $204 million. Fidelity's FETH saw $71.31 million in net inflows and Grayscale's Ethereum Mini Trust brought in $15.15 million.

However, Grayscale Ethereum Trust (ETHE) experienced a net outflow of $484.1 million, making it the only fund to record an outflow on the day.

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The total trading volume of these nine Ethereum ETFs reached $1.05 billion.

In contrast, US spot Bitcoin ETFs experienced a net outflow of $77.97 million on Tuesday, ending a 12-day streak of positive inflows.

Bitwise's BITB recorded the largest outflow among Bitcoin ETFs, with a net outflow of $70.32 million. This was followed by Ark and 21Shares' ARKB with a net outflow of $52.29 million, and Grayscale's GBTC with a net outflow of $27.31 million.

The launch of these Ethereum ETFs marks a significant development in the cryptocurrency market and offers investors new ways to access Ethereum. These significant inflows reflect strong demand and optimism about Ethereum's future as an investment asset.

*This is not investment advice.



Buradaki Yorumlardan Bildirim Al
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