Ethereum ETFs had a strong start, attracting over $100 million in net inflows on their first day of trading. However, they fell short of Bitcoin’s epic ETF debut in January, with analysts predicting that Ethereum may struggle to catch up due to its more complex value proposition. Despite this, significant institutional interest has already materialized, with Blackrock’s iShares Ethereum Trust ETF, Bitwise Ethereum ETF, and Fidelity Ethereum Fund leading the pack in terms of inflows. The total net inflows for the eight new spot ETH ETFs listed on July 23 amounted to around $590 million.
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