This summary text is fully AI-generated and may therefore contain errors or be incomplete.
On their first trading day, US spot Ethereum ETFs experienced significant activity, with a total of $106.7 million in net inflows and over $1 billion in trading volume. Nine different ether ETFs from eight issuers began trading, amassing over $10 billion in assets under management.
Ethereum ETF Activity
The Grayscale Ethereum Trust (ETHE) saw $484.1 million in net outflows, while Blackrock’s ETHA led the inflow pack with $266.55 million. Bitwise ETHW recorded $204 million in net inflows, Fidelity FETH saw $71.31 million, and Grayscale’s Ethereum Mini Trust had $15.15 million in net inflows.
On the other hand, spot bitcoin ETFs in the US experienced $77.97 million in outflows, ending a 12-day streak of positive flows. Bitwise’s BITB saw the largest net outflows at $70.32 million, followed by Ark and 21Shares ARKB with $52.29 million and Grayscale GBTC with $27.31 million in net outflows.
Market Reflection
This data reflects the dynamic nature of cryptocurrency ETF trading in the US market.
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