US Spot Ethereum ETFs Post $106.7M in Net Inflows
On its first day of trading, US spot Ethereum exchange-traded funds reported a net inflow of $106.7 million and a total trading volume of over $1 billion.
This was recorded by nine different ether ETFs from eight issuers, all of which began trading on Tuesday. The only fund with net outflows was the Grayscale Ethereum Trust (ETHE), which saw $484.1 million leave the fund according to SosoValue data.
Among the other funds, Blackrock’s ETHA had the highest inflow of $266.55 million, followed by Bitwise ETHW with $204 million, Fidelity FETH with $71.31 million, and Grayscale’s Ethereum Mini Trust with $15.15 million in net inflows.
The total trading volume for all nine ether ETFs was $1.05 billion, and they have already reached a combined $10 billion in assets under management, as reported by SosoValue.
