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U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) saw substantial success on their first day of trading, recording $106.7 million in net inflows and generating over $1 billion in trading volume. Nine different ether ETFs from eight issuers commenced trading on Tuesday, marking a significant milestone in the cryptocurrency market.
Leading the inflow surge was BlackRock’s ETHA, which attracted $266.55 million. Bitwise’s ETHW followed with $204 million, while Fidelity’s FETH and Grayscale’s Ethereum Mini Trust garnered $71.31 million and $15.15 million, respectively. However, the Grayscale Ethereum Trust (ETHE) experienced a notable $484.1 million in net outflows, making it the only fund to record outflows.
Overall, the total trading volume for these nine ether ETFs reached an impressive $1.05 billion. Within a short period, these spot Ethereum ETFs have already accumulated over $10 billion in assets under management, highlighting strong investor interest and confidence in Ethereum-focused investment products.
