Over $600 million worth of volume was traded on the first day of Ethereum’s spot ETF, split across eight different ETF companies.
According to statistics from Bloomberg, the eight newly created spot Ethereum (ETH) exchange-traded funds (ETFs) saw roughly $600 million in trading during the first half of their debut day. By 12:30 PM ET, Grayscale’s Ethereum Trust (ETHE) had exchanged $250 million worth of shares, leading the competition. BlackRock’s iShares Ethereum Trust (ETHA), with over $130 million in traded shares, was second. The volume of Bitwise’s Ethereum ETF was $66 million, while Fidelity’s Advantage Ether ETF saw over $77 million.
$250 million worth of shares were exchanged in Grayscale’s ETHE.ETHA by BlackRock recorded $130 million.The Advantage Ether ETF from Fidelity reported $77 million.The volume of Bitwise’s Ethereum ETF was $66 million.
The volume of $ETHE is presumably largely outflows.