U.S. Spot Ethereum ETFs Record Significant Inflows
U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) observed a remarkable $106.7 million in net inflows on their first trading day, accompanied by trading volume exceeding $1 billion.
Overview of Ethereum ETFs
On Tuesday, nine different ether ETFs launched from eight issuers. The Grayscale Ethereum Trust (ETHE) reported $484.1 million in net outflows, making it the only fund among the newly launched ETFs to experience outflows, according to SosoValue.
Leading Inflow Performers
- Blackrock’s ETHA: $266.55 million
- Bitwise ETHW: $204 million
- Fidelity FETH: $71.31 million
- Grayscale’s Ethereum Mini Trust: $15.15 million
In total, the nine ether ETFs achieved a trading volume of $1.05 billion, as per data from Yahoo Finance compiled by The Block Pro Research. These spot Ethereum ETFs have now accumulated over $10 billion in assets under management, reports from SosoValue indicate.
Bitcoin ETFs Contrast
In contrast, U.S. spot bitcoin ETFs faced net outflows totaling $77.97 million on the same day, breaking a 12-day positive flow streak. Bitwise’s BITB experienced the most significant outflows at $70.32 million, followed by Ark and 21Shares ARKB with $52.29 million, and Grayscale GBTC with $27.31 million.
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