The initial day of trading for newly launched Ethereum ETFs saw significant activity, drawing a total of $106.8 million in inflows. BlackRock’s iShares Ethereum Trust ETF (ETHA) led the market, attracting $266.5 million, reflecting strong investor confidence. Bitwise Ethereum ETF (ETHW) followed closely, with inflows of $204 million.
Grayscale’s Ethereum Trust (ETHE), while having the highest total volume at $469.7 million, experienced an outflow of $484.1 million, indicating some investor repositioning. Other notable funds include Fidelity’s Ethereum Fund (FETH), which received $71.3 million in flows, and VanEck’s Ethereum ETF (ETHV), which received $7.6 million. Interestingly, Grayscale’s Ethereum Mini Trust (ETH) saw an inflow of $15.1 million.
Overall, the total volume for the ETFs was $1.11 billion, with inflows amounting to $590.9 million, excluding Grayscale’s ETHE, marking a robust debut for these Ethereum-focused investment vehicles.
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