ETH ETFs SEE HUGE INFLOWS ON LAUNCH DAY!
Hey #ETH fam! I've got some exciting news to share with you all!
According to recent reports, the nine spot Ethereum exchange-traded funds (ETFs) from eight issuers saw a whopping $106.7 million in net inflows on their first day of trading! The total trading volume for these ETFs reached an impressive $1.05 billion.
#BlackRock 's ETHA led the pack with $266.55 million in net inflows, followed by Bitwise ETHW's $204 million, Fidelity FETH's $71.31 million, and #Grayscale 's Ethereum Mini Trust with $15.15 million in net inflows.
On the other hand, spot bitcoin ETFs saw a total outflow of $77.97 million on Tuesday, ending a 12-day streak of positive flows.
It's worth noting that while the trading volume for ETH ETFs was significant, it still lags behind the launch day volumes seen by spot bitcoin ETFs in January.
What do you think about this news? Share your thoughts with me!
